Question
Question 1: Production budget The firm's inventory policy is to have ending inventory equal to 10% of next month's sales. Fill in the missing numbers.
Question 1: Production budget The firm's inventory policy is to have ending inventory equal to 10% of next month's sales. Fill in the missing numbers.
| February | March | April | |
| Ending inventory | 3,500 | ||
| Beginning inventory | |||
| Budgeted sales | 10,000 | 15,000 | 22,000 |
| Budgeted production |
(If you get stuck on the beginning inventory for February: it is equal to the ending inventory for January, which you can compute with the available data on February sales)
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Financial Accounting Reporting And Analysis
Authors: Earl K. Stice, James D. Stice
7th Edition
0324227329, 978-0324227321
