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Thomas Cycles manufactures chainless bicycles. On March 31, Thomas Cycles had 107 bikes in inventory. The company has a policy that the ending inventory in
Thomas Cycles manufactures chainless bicycles. On March 31, Thomas Cycles had 107 bikes in inventory. The company has a policy that the ending inventory in any month must be 10% of the following month's expected sales. Thomas Cycles expects to sell the following number of bikes in each of next four months: (Click the icon to view the data) Prepare a production budget for the second quarter, with a column for each month and for the quarter. Thomas Cycles Production Budget For the Months of April through June April May Data table June Quarter Unit sales April Plus: Desired ending Inventory Total needed May June 1,070 bikes 1,190 bikes 1.390 bikes 1,250 bikes July Less: Beginning inventory Units to produce Print Done
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