Question
Mount Company has budgeted the following unit sales: 2019 Units January8,000 February10,000 March9,000 The finished goods units on hand on December 31, 2018, was 1,000
Mount Company has budgeted the following unit sales:
2019Units
January8,000
February10,000
March9,000
The finished goods units on hand on December 31, 2018, was 1,000 units.It is the company's policy to maintain a finished goods inventory at the end of each month equal to 10% of next month's anticipated sales.
Instructions:Prepare a production budget for February of 2019.
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
