Question
Thomas Cycles manufactures chainless bicycles. On March 31, Thomas Cycles had 324 bikes in inventory. The company has a policy that the ending inventory
Thomas Cycles manufactures chainless bicycles. On March 31, Thomas Cycles had 324 bikes in inventory. The company has a policy that the ending inventory in any month must be 30% 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 Month of April through June May April Unit sales Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce June Quarter
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