Question
Swifty Company has budgeted the following unit sales: 2022 2023 Quarter Units Quarter Units 1 106,000 1 92,000 2 56,000 3 70,000 4 119,000 The
Swifty Company has budgeted the following unit sales:
| 2022 | 2023 | ||||||
|---|---|---|---|---|---|---|---|
| Quarter | Units | Quarter | Units | ||||
| 1 | 106,000 | 1 | 92,000 | ||||
| 2 | 56,000 | ||||||
| 3 | 70,000 | ||||||
| 4 | 119,000 | ||||||
The finished goods inventory on hand on December 31, 2021 was 21,200 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quarter's anticipated sales. Prepare a production budget for 2022.
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Financial Modeling
Authors: Simon Benninga
3rd Edition
0262026287, 9780262026284
