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The following are the estimates sales of company for eight months ending 30-11-2018? Q2: The following are the estimates sales of company for eight months
The following are the estimates sales of company for eight months ending 30-11-2018?
Q2: The following are the estimates sales of company for eight months ending 30-11 - 2018? Months Estimated sales April 2018 12,000 May 2018 13,000 June 2018 9,000 July 2018 8,000 August 2018 10,000 September 2018 12,000 October 2018 14,000 November 2018 12,000 As a matter of policy, the company maintains the closing balance of finished goods and raw materials as follows: Stock Item Closing Balance of a month Finished Goods 50% of the estimated sales for the next month Raw materials Estimated consumption for the next month Every Unit of production requires 2KG of raw material costing Rs. 5 per kg. Required: Prepare Production Budget (in units) and Raw material purchase Budget (in units and cost) of the company for the half year ending 30 September, 2021
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