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Please help me D The marketing department of Goethe inc. has submitted the following soles forecast for 2024 : The company expects to start the
Please help me D
The marketing department of Goethe inc. has submitted the following soles forecast for 2024 : The company expects to start the first quarter with 1,780 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods imventory for the fourth quarter is 2.280 units In addition, the beginning raw materiais inventory for the first quarter is budgeted to be 3,400 kilograms and the beginning accounts payable for the first quarter are budgeted to be $17,620. Each unit requires two kilograms of raw material that costs $4 per kilogram Management desires to end each quarter with an inventory of raw materials equal to 20% of the following quarter's production needs. The desired ending inventory for the fourth quarter is 3,280 kllograms. Management plans to pay for 75% of raw material purchases in the quarter acquired and 25% in the following quartet. Required: 1. Prepare the company's production budoet for the upcoming fiscal year Step by Step Solution
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