Problem #$1$ Budgeting

Dixon Corporation has the following sales budget for September$-$January:

Sept Oct Nov Dec Jan

Sales Revenue $$80,000$ $$100,000$ $$120,000$ $$90,000$ $$110,000$

Required:

$1.$ The company$$s inventory policy is to keep sufficient ending inventory on hand to cover $40\%$ of next month's sales. Selling price per unit is $$10.$

Complete the following production budget for September, October, November and December.

September October November December

Unit Sales

End.

Inventory

Beg.

Inventory $($given for September$)3,200$

Units to

Produce