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Please show your work Budget Corporation has the following budgeted sales for the next six-month period: Month September October November Unit Sales 60,000 80,000 140,000
Please show your work
Budget Corporation has the following budgeted sales for the next six-month period: Month September October November Unit Sales 60,000 80,000 140,000 100,000 120,000 80,000 January February There were 30,000 units of finished goods in inventory at the beginning of September. Plans are to have an inventory of finished products that equal 20 percent of the unit sales for the next month. Five kilograms of materials are required for each unit produced. Each kilogram of material costs $10. Inventory levels for materials are equal to 30 percent of the needs for the next month. Materials inventory on September 1 was 10,000 kiograms. Required: 1. Prepare production budgets in units for October, November, and December. 2. Prepare a purchases budget in kilograms for October, November, and December, and give total purchases in both kilograms and dollars for each monthStep by Step Solution
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