Question
Goody Company estimates that unit sales will be 10,500 in quarter 1; 12,100 in quarter 2; 14,200 in quarter 3; and 18,700 in quarter 4.
Goody Company estimates that unit sales will be 10,500 in quarter 1; 12,100 in quarter 2; 14,200 in quarter 3; and 18,700 in quarter 4. Management desires to have an ending finished goods inventory equal to 22% of the next quarter's expected unit sales. Complete the production budget by quarters for the first 6 months of 2010.
GOODY COMPANY | |||
Production Budget | |||
For the Six Months Ending June 30, 2010 | |||
| Quarter Quarter | Six | |
| 1 | 2 | Months |
Expected unit sales | _______ | _______ | _______ |
Add: Desired ending finished goods | _______ | _______ | _______ |
Total required units | _______ | _______ | _______ |
Less: Beginning finished goods inventory | _______ | _______ | _______ |
Required production units | _______ | _______ | _______ |
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