Question
Champ Incorporated budgets the following sales in units for the coming two months. Each months ending inventory of finished units should be 50% of the
Champ Incorporated budgets the following sales in units for the coming two months. Each months ending inventory of finished units should be 50% of the next months sales. The April 30 finished goods inventory is 120 units.
| May | June | |
|---|---|---|
| Budgeted sales units | 240 | 210 |
Prepare the production budget for May.
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0471072419, 978-0471072416
