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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

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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 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: (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. Unit sales Thomas Cycles Production Budget For the Months of April through June April May Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce Data table April. 1,070 bikes June Quarter May 1,120 bikes June. 1,360 bikes July 1,240 bikes Print Done

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