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Geddie and Chi Company manufactures a single product. Management projects sales for the first quarter of 2023 will be 2,000 units of its product, with
Geddie and Chi Company manufactures a single product. Management projects sales for the first quarter of 2023 will be 2,000 units of its product, with sales increasing by 200 units for the 2nd, 3rd and 4th quarters of 2023 and the first quarter of 2024. On January 1, 2023, management projects that it will have 500 units on hand but desires to maintain an ending inventory of 30% of the next quarter's sales. Prepare a production budget for Geddy and Chi for fiscal year ending December 31, 2023
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