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Current Attempt in Progress Wayans Company produces and sells automobile batteries, including the heavy duty HD 240. The 2020 sales budget is as follows: Quarter
Current Attempt in Progress Wayans Company produces and sells automobile batteries, including the heavy duty HD 240. The 2020 sales budget is as follows: Quarter 1 2 3 4 Units of HD-240 5,400 7.400 8,600 10,400 The January 1, 2020, inventory of HD-240 is 1.600 units. Management wants an ending inventory each quarter that is equal to 30% of the next quarter's sales. It expects sales in the first quarter of 2021 to be 20% higher than sales in the same quarter in 2020 Prepare quarterly production budgets for each quarter for 2020 WAYANS COMPANY Production Budget -Product HD-240 For the Year Ending December 31, 2020 Quarter 2 1 Unit Sales 5400 7400 B000 Add Ending Inventory 1620 2220 2580 Total Required 7020 9620 11.180 Less Beginning inventory Total
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