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Tillman Cycles manufactures chainless bicycles. On March 31, Tillman Cycles had 309 bikes in inventory. The company has a policy that the ending inventory in
Tillman Cycles manufactures chainless bicycles. On March 31, Tillman Cycles had 309 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. Tillman Cycles expects to sell the following number of bikes in each of next four months: E (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. Tillman Cycles Production Budget For the Months of April through June April May Data Table June Quarter Unit sales Plus: Desired ending inventory April 1,030 bikes Total needed 1,110 bikes Less: Beginning inventory May June 1,330 bikes Units to produce July 1,210 bikes Print Done
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