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Trader Cycles manufactures chainless bicycles. On March 31, Trader Cycles had 324 bikes in inventory. The company's policy is that the ending inventory in any
Trader Cycles manufactures chainless bicycles. On March 31, Trader Cycles had 324 bikes in inventory. The company's policy is that the ending inventory in any month must be 30% of the following month's expected sales. Trader Cycles expects to sell the following number of bikes in each of next 4 months: April ........ 1,080 bikes May ........ 1,140 bikes June ....... 1,330 bikes July ........ 1,330 bikes Prepare a production budget for the second quarter with a column for each month and for the quarter.
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