Q-8

NOTE:

NOTE: I NEED ACCURATE ANSWERS IN TEXT FORM. Please fulfill the requirement completely.

AK manufactures cosmetics made from natural ingredients. The controller is currently preparing a budget for the third quarter of the year. The sales forecast has been nade as follows: - The selling price per unit is $70 - The management of the company wants the ending inventory to be equal to 20% of the following month's sales in units. - On June 31st, 400 units were on hand. Required: 1. Prepare the sales budget for the quarter ending in September 30 . (15 points) 2. Prepare the production budget for the quarter ending in September 30 . (15 points)