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Esquire Products Inc. expects the following monthly sales: January February $ 48,000 July $ 42,000 39,000 August 46,000 March 32,000 September 49,000 April 34,000
Esquire Products Inc. expects the following monthly sales: January February $ 48,000 July $ 42,000 39,000 August 46,000 March 32,000 September 49,000 April 34,000 October 54,000. May 28,000 November 62,000 June 26,000 December 44,000 Total sales = $504,000 Cash sales are 40 percent in a given month, with the remainder going into accounts receivable. All receivables are collected in the month following the sale. Esquire sells all of its goods for $2 each and produces them for $1 each. Esquire uses level production, and average monthly production is equal to annual production divided by 12. a. Generate a monthly production and inventory schedule in units. Beginning inventory in January is 32,000 units. Esquire Products Inc. Production and Inventory Schedule in Units Beginning. Inventory January February 32,000 March April May June July August September October November December Production Ending Sales Inventory
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