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Problem Two: Paradise, Inc. has budgeted the following unit sales: 2021 2022 Quarter Units Quarter Units 1 1 70,000 75,000 100,000 2 3 115,000 125,000
Problem Two: Paradise, Inc. has budgeted the following unit sales: 2021 2022 Quarter Units Quarter Units 1 1 70,000 75,000 100,000 2 3 115,000 125,000 4 The finished goods inventory on hand on December 31, 2020 was 15,000 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter a equal to 15% of the next quarter's anticipated sales. Instructions: Prepare a production budget for 2022. Qtr 1 Qtr 2 Qtr 3 Qtr 4 Total Expected unit sales Add: Desired ending finished goods units Total required finished goods units Less: Beginning finished goods units Required production units
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