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please help me to solve those blank, and provide the solution of the answers :) Franklin Products Limited manufactures and distributes a number of products
please help me to solve those blank, and provide the solution of the answers :)
Franklin Products Limited manufactures and distributes a number of products to retailers. One of these products, SuperStick, requires four kilograms of material D236 in the manufacture of each unit. The company is now planning raw materials needs for the third quarter-July, August, and September. Peak sales of SuperStick occur in the third quarter of each year To keep production and shipments moving smoothly, the company has the following inventory requirements a. The finished goods inventory on hand at the end of each month must be equal to 8,150 units plus 20% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 22,180 units. b. The raw materials inventory on hand at the end of each month must be equal to 40% of the following month's production needs for raw materials. The raw materials inventory on June 30 for material D236 is budgeted to be 129,600 kilograms. c. The company maintains no work in process inventories. A sales budget for SuperStick for the last six months of the year follows: Budgeted Sales n Units. July 60,300 August 75, 150 September 105,300 October 53,150 November 30, 150 December 15.060 Required re a production budget for SuperStick for July, August, September and October. July October August September 60.300 75.150 Budgeted sales (units) 105,300 53,150 14180 18,780 Add: Desired ending inventory 23,180 29,210 83,480 104,360 67,330 Total needs 124,080 23180 29,210 18,780 Less: Beginning inventory 22,180 S4870 61,300 48,550 Required productionStep by Step Solution
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