Question
Ruiz Company provides the following budgeted sales for the next four months. The company wants to end each month with ending finished goods inventory equal
Ruiz Company provides the following budgeted sales for the next four months. The company wants to end each month with ending finished goods inventory equal to 40% of next months budgeted unit sales. Finished goods inventory on April 1 is 200 units. Prepare a production budget for the months of April, May, and June.
| April | May | June | July | |
|---|---|---|---|---|
| Budgeted sales units | 500 | 580 | 530 | 620 |
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
