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please help fiill out the table, thank you. I am not sure what I have is correct - please double check Part III - Problems
please help fiill out the table, thank you. I am not sure what I have is correct - please double check
Part III - Problems -Budgetary Planning Total = 25 points. 1) Gertrude Products expects the following sales of its single product: Units July 8,000 August 8,500 September 9,200 October 8,400 November 8,500 Gertrude desires an ending finished goods inventory to be equal to 20% of the next month's sales needs. July 1 inventory is projected to be 1,000 units. Each unit requires 4 pounds of Chemical A. July 1 materials inventory includes 7,600 pounds of Chemical A. Gertrude desires to maintain a Chemical A inventory equal to 20% of next month's production needs. a. Prepare a production budget for Gertrude for the quarter ending September 30th. b. Prepare a direct materials purchases budget for Chemical A for the quarter ending September 30th. a. Production July August September Qtr. Total Sales 8,000 8,500 9,200 25,700 +Ending Iny. 1,700 1,840 1,680 5,220 + -Beginning Inv. 1,000 1,700 1,840 4,540 Production 8,700 8,640 9,040 26,380 b. Chemical A Production July 8,700 August 8,640 September 9,040 Otr. Total x 4 Pounds 34,800 34,560 36,160 Chemical A needs +Ending Inv. - Beginning Iny. Purchases of AStep by Step Solution
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