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NEED HELP ON THIS PLEASE. ASAP! THANK YOU Wayans Company produces and sells automobile batteries, including the heavy-duty HD-240. The 2020 sales budget is as
NEED HELP ON THIS PLEASE. ASAP! THANK YOU
Wayans Company produces and sells automobile batteries, including the heavy-duty HD-240. The 2020 sales budget is as follows: Quarter Units of HD-240 1 5,500 N 6,400 3 8,600 4 9,800 The January 1, 2020, inventory of HD-240 is 1,400 units. Management wants an ending inventory each quarter that is equal to 30% of the next quarter's sales. It expects sales in the first quarter of 2021 to be 20% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter for 2020. WAYANS COMPANY Production Budget-Product HD-240 For the Year Ending December 31, 2020 Quarter 1 2 3 Unit Sales 5.500 6,400 8,600 Add: Ending Inventory 1.920 2.580 2,940 Total Required 7.420 8,980 11,540 Less Beginning Inventory TotalStep by Step Solution
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