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The following table presents Generic Motors Company's production budget. GM's inventory policy is to have ending inventory equal to 10% of next month's sales. February

The following table presents Generic Motors Company's production budget. GM's inventory policy is to have ending inventory equal to 10% of next month's sales.

February March April
Ending inventory 2,500
Beginning inventory 2,000
Budgeted sales 15,000 15,000 21,000
Budgeted production

Required: (a) Fill in the missing numbers in the table above. (Hint if you get stuck: What is the relation between ending inventory for one month and beginning inventory for the following month?)

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