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I need March budgeted ending inventory please Marigold manufactures competition stunt kites. In November, Robert Williams prepared the following production budget for the first quarter
I need March budgeted ending inventory please
Marigold manufactures competition stunt kites. In November, Robert Williams prepared the following production budget for the first quarter of the coming year. Desired ending inventory is based on the following month's budgeted sales. Following lower-than-expected sales in December, Jerry conducted an inventory count on January 2 and discovered that the company had 3,000 completed kites on hand. He decided that given the slow sales in December, the company should decrease its desired ending inventory level from 20 to 15% of the next month's sales volume. (a) Prepare a new production budget for the first quarterStep by Step Solution
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