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Question 9 Lucy is an accountant for Bored Skateboards. The company sells one type of skateboard and has the following sales budget for 2021. Q1
Question 9 Lucy is an accountant for Bored Skateboards. The company sells one type of skateboard and has the following sales budget for 2021. Q1 1500 Q2 3000 Q3 2200 Q4 2500 Total 9200 Expected sales units Selling Price Total sales revenue $25 $37,500 $25 $75,000 $25 $55,000 $25 $62,500 $25 $230,000 Lucy would like to prepare a production budget. According to a recent stocktake the beginning inventory for Q1 was 300 skateboards. The inventory manager wants to ensure the ending inventory for each quarter is double the expected sales for the following quarter. Expected sales for Q1 2022 are 2000 skateboards. Required a) Prepare the production budget for Q1, Q2, Q3 and Q4. Show your calculations
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