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Determine Budgeted Production of quarter 1 to 4 year 2021 Sales Budget (in units) Quarter 1 Quarter 2 Quarter 3
Determine Budgeted Production of quarter 1 to 4 year 2021
Sales Budget (in units)
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
307,500.00 717,500.00 205,000.00 820,000.00 2,050,000.00 ·
*Sales for 2022 will increase by 25%.
Production Budget
It is the company's policy to maintain quantity of finished goods inventory at the end of each quarter equal to 30% of the next quarter's budgeted sales of units.
I think the problem is silent on what is beginning inventory for quarter 1
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Given Sales Budget for each quarter in 2021 Sales for 2022 will increase by 25 Companys policy Finished goods inventory at the end of each quarter equ...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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