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Pico Company estimates that unit sales will be 10,500 in quarter 1, 12,700 in quarter 2,14,400 in quarter 3 , and 18,100 in quarter 4.
Pico Company estimates that unit sales will be 10,500 in quarter 1, 12,700 in quarter 2,14,400 in quarter 3 , and 18,100 in quarter 4. Management desires to have an ending finished goods inventory equal to 25% of the next quarter's expected unit sales. Hint: Beginning inventory in one period is the ending inventory in prior period. Especially for Quarter 1's beginning inventory, apply 25% of the Quarter 1's expected unit sales to find out the ending inventory in the prior quarter, which will become the beginning inventory in Quarter 1. - When typing your responses for amounts, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. - For number of units, do NOT include decimal places. For example, if your answer is 5 units, then you should be typing 5 and NOT 5.00. - For Production budget, all numbers should be entered without any decimal places. Prepare a production budget by quarters for the first 6 months (quarter 1 and quarter 2) of 2030
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