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Paige Company estimates that unit sales will be 11,100 in quarter 1, 12,300 in quarter 2, 14,500 in quarter 3, and 18,700 in quarter 4.

Paige Company estimates that unit sales will be 11,100 in quarter 1, 12,300 in quarter 2, 14,500 in quarter 3, and 18,700 in quarter 4. Management desires to have an ending finished goods inventory equal to 22% of the next quarters expected unit sales. Prepare a production budget by quarters for the first 6 months of 2017.

PAIGE COMPANY Production Budget choose the accounting period For the Six Months Ending June 30, 2017For the Quarter Ending June 30, 2017June 30, 2017

Quarter

1

2

Six Months

select an opening production budget item Beginning Direct MaterialsTotal Materials RequiredBeginning Finished Goods InventoryTotal Required UnitsDirect Materials PurchasesRequired Production UnitsDesired Ending Direct MaterialsExpected Unit SalesDirect Materials Per UnitDesired Ending Finished Goods Inventory

Enter a number of units

Enter a number of units

select between addition and deduction AddLess: select a production budget item Beginning Finished Goods InventoryDesired Ending Direct MaterialsDesired Ending Finished Goods InventoryDirect Materials PurchasesTotal Required UnitsTotal Materials RequiredBeginning Direct MaterialsRequired Production UnitsExpected Unit SalesDirect Materials Per Unit

Enter a number of units Enter a number of units

select a summarizing line for the first part Total Materials RequiredDirect Materials PurchasesBeginning Finished Goods InventoryDesired Ending Finished Goods InventoryDesired Ending Direct MaterialsExpected Unit SalesBeginning Direct MaterialsTotal Required UnitsRequired Production UnitsDirect Materials Per Unit

enter a total amount for the first part

enter a total amount for the first part

select between addition and deduction AddLess: select a production budget item Beginning Finished Goods InventoryDirect Materials Per UnitTotal Materials RequiredTotal Required UnitsRequired Production UnitsDesired Ending Finished Goods InventoryDesired Ending Direct MaterialsDirect Materials PurchasesBeginning Direct MaterialsExpected Unit Sales

Enter a number of units Enter a number of units

select a closing production budget item Total Required UnitsDesired Ending Finished Goods InventoryBeginning Finished Goods InventoryRequired Production UnitsExpected Unit SalesTotal Materials RequiredDesired Ending Direct MaterialsDirect Materials Per UnitBeginning Direct MaterialsDirect Materials Purchases

enter the total number of units enter the total number of units enter the total number of units

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