Jennifers Company estimates that unit sales will be 9,600 in quarter 1; 12,300 in quarter 2; 13,600 in quarter 3; and 18,100 in quarter 4.
Jennifers Company estimates that unit sales will be 9,600 in quarter 1; 12,300 in quarter 2; 13,600 in quarter 3; and 18,100 in quarter 4. Management wants to have an ending finished goods inventory equal to 18% of the next quarters expected unit sales. Prepare a production budget by quarters for the first six months of 2022.
IVANHOE COMPANY Production Budget For the Six Months Ending June 30, 2022 | |||||||
---|---|---|---|---|---|---|---|
Quarter | Total | ||||||
1 | 2 | ||||||
select an opening production budget item Total required unitsRequired productions in unitsBeginning finished goods inventoryDesired ending finished goodsExpected unit sales | enter a number of units | enter a number of units | enter a number of units | ||||
select between addition and deduction AddLess: select a production budget item Desired ending finished goodsBeginning finished goods inventoryRequired productions in unitsExpected unit salesTotal required units | enter a number of units | enter a number of units | enter a number of units | ||||
select a summarizing line for the first part Expected unit salesTotal required unitsBeginning finished goods inventoryRequired productions in unitsDesired ending finished goods | enter a total number of units for the first part | enter a total number of units for the first part | enter a total number of units for the first part | ||||
select between addition and deduction AddLess: select a production budget item Expected unit salesBeginning finished goods inventoryRequired productions in unitsTotal required unitsDesired ending finished goods | enter a number of units | enter a number of units | enter a number of units | ||||
select a closing production budget item Required productions in unitsDesired ending finished goodsTotal required unitsBeginning finished goods inventoryExpected unit sales | enter a total number of units | enter a total number of units | enter a total number of units |
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