Question
Help is needed understanding the blanks in the production budget Preparing a Production Budget Patrick Inc. makes industrial solvents. In the first 4 months of
Help is needed understanding the blanks in the production budget
Preparing a Production Budget Patrick Inc. makes industrial solvents. In the first 4 months of the coming year, Patrick expects the following unit sales: January February March April 41,000 38,000 50,000 51,000 Patrick's policy is to have 21% of next month's sales in ending inventory. On January 1, it is expected that there will be 4,550 drums of solvent on hand. Required: Prepare a production budget for the first quarter of the year. Show the number of drums that should be produced each month as well as for the quarter in total. If required, round your answers to the nearest whole unit. January Patrick Inc. Production Budget For the Coming Quarter February Sales Desired ending inventory Total needs Beginning inventory Units to be produced March 10710 80710 1st Quarter Total 29190 Asso
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