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Thomas Cycles manufactures chainless bicycles. On March 31, Thomas Cycles had 214 bikes in inventory. The company has a policy that the ending inventory in
Thomas Cycles manufactures chainless bicycles. On March 31, Thomas Cycles had 214 bikes in inventory. The company has a policy that the ending inventory in any month must be 20% of the following month's expected sales. Thomas Cycles expects to sell the following number of bikes in each of next four months: 3: (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 Data table Production Budget For the Months of April through June April May June Quarter Unit sales April. . 1,070 bikes 1,160 bikes Plus: Desired ending inventory May Total needed June 1,320 bikes July 1,250 bikes Less: Beginning inventory Units to produce Print Done
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