Complete the Production Budget for WITCHES only.

Goblin Corporation produces yard decorations and has budgeted production in units for the next

four months when they are gearing up for Halloween yard decoration sales.

Month

July August September October

Sales Forecast $($dollars$)$ $$10,000$ $$16,000$ $$14,000$ $$12,000$

The company makes four different yard decorations for Halloween: a witch, a set of jack$-$o$-$

lanterns, a goblin and a ghost. Information about price per yard decoration and required

inventory requirements are below:

WITCH:

o Sales price is $$25.$

o The production manager requires $25\%$ of the following month$$s sales estimate to be on

hand at the beginning of each month. The company had an inventory count on June $30$

and they had $90$ witches in the finished goods warehouse.

JACK$-$O$-$LANTERNS:

o Sales price is $$50.$

o The production manager requires $15\%$ of the following month$$s sales estimate to be on

hand at the beginning of each month. The company had an inventory count on June $30$

and they had $40$ jack$-$o$-$lanterns in the finished goods warehouse.

GOBLIN:

o Sales price is $$40.$

o The production manager requires $30\%$ of the following month$$s sales estimate to be on

hand at the beginning of each month. The company had an inventory count on June $30$

and they had $80$ goblins in the finished goods warehouse.

GHOST:

o Sales price is $$30.$

o The production manager requires $20\%$ of the following month$$s sales estimate to be on

hand at the beginning of each month. The company had an inventory count on June $30$

and they had $90$ ghosts in the finished goods warehouse.

Required:

$1)$ Prepare the PRODUCTION BUDGET for WITCHES for July, August, and September.

$2)$ How many witches did the company produce during the $3$rd quarter of the year?