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Sheridan Ltd. estimates sales for the second quarter of 2022 will be as follows. Month Units April 2,340 May 2,440 June 2,210 The target

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Sheridan Ltd. estimates sales for the second quarter of 2022 will be as follows. Month Units April 2,340 May 2,440 June 2,210 The target ending inventory of finished products is as follows. March 31 1,840 April 30 2,020 May 31 2.000 June 30 2,150 Two units of materials are required for each unit of finished product. Production for July is estimated at 2,460 units to start building inventory for the fall sales period. Sheridan's policy is to have an inventory of raw materials at the end of each month equal to 50% of the following month's production requirements.

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