Meadow Company produces hand tools. A sales budget for the next four months is as follows: March 10,600 units, April 13,900, May 16,600 and June 21,000. Meadow Companys ending finished goods inventory policy is 15% of the following months sales. March 1 beginning inventory is projected to be 1,590 units. How many units will be produced in March?

Multiple Choice

• 10,600

• 11,095

• 13,900

• 10,105

Marlow Company produces hand tools. A production budget for the next four months is as follows: March 10,400 units, April 13,310, May 16,100, and June 21,700. Marlow Companys ending finished goods inventory policy is 10% of the following months sales. Marlow plans to sell 16,100 units in May. What is budgeted ending inventory for March?

Multiple Choice

• 1,040

• 1,300

• 1,331

• 1,610

Grover has forecast sales to be $127,000 in February, $136,000 in March, $158,000 in April, and $144,000 in May. The average cost of goods sold is 75% of sales. All sales are on made on credit and sales are collected 65% in the month of sale, and 35% the month following. What are budgeted cash receipts in March?

Multiple Choice

• $132,850

• $93,550

• $96,350