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Grantham Manufacturing Company makes oak rocking chairs. Budgeted sales are 20,100 for July, 25,900 for August, 28,400 for September and 29,300 for October. Grantham maintains
Grantham Manufacturing Company makes oak rocking chairs. Budgeted sales are 20,100 for July, 25,900 for August, 28,400 for September and 29,300 for October. Grantham maintains an ending inventory equal to 10% of the current month's sales. Ending inventory at June 30th was 3,200. Prepare a production budget for the 3rd quarter ending September 30. Grantham Manufacturing Company Production Budget August July September 3rd Quarter
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