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Gary is learning the ropes in his new position, looking over the production department's budgets from the past two yesrs. He notices that his production
Gary is learning the ropes in his new position, looking over the production department's budgets from the past two yesrs. He notices that his production department requires information from the sales division, in turn, the production budget is sent on to other departments. He now sees how the budget pheces fit together and how the production area contributes to the bizger picture. After seeing these connections, he gathers the following information Additional information: - Budgeted seliling price is $20 per unit. - Desired monthly ending inventory is 15% of the next months sales: - Beginning finished goods imventory on danuary 2 is 465 units Gary recognizes the production deportment currenty holds Aightly less fovertory than planned, but for good reason-December sales exceeded its nools! Prepare the sales forecast for the first quarter of the upcorming year. Prepare the production budget for the first quarter of the upcoming year
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