Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows.

Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows.

Quarter		HD-240
1		5,500
2		7,420
3		8,260
4		10,130

The January 1, 2020, inventory of HD-240 is 2,200 units. Management desires an ending inventory each quarter equal to 40% of the next quarters sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter and in total for 2020.

TURNEY COMPANY Production Budget choose the accounting period For the Year Ending December 31, 2020For the Quarter Ended December 31, 2020For the Month Ended December 31, 2020
Product HD-240
	Quarter
		1		2		3		4		Year
select an opening production budget item Total Materials RequiredExpected Unit SalesRequired Production UnitsBeginning Direct MaterialsDesired Ending Direct MaterialsDirect Materials Per UnitBeginning Finished Goods UnitDesired Ending Finished Goods UnitTotal Required UnitsDirect Materials Purchases		enter a number of units		enter a number of units		enter a number of units		enter a number of units
select between addition and deduction AddLess: select a production budget item Beginning Direct MaterialsTotal Materials RequiredDirect Materials Per UnitRequired Production UnitsExpected Unit SalesDirect Materials PurchasesTotal Required UnitsDesired Ending Direct MaterialsBeginning Finished Goods UnitDesired Ending Finished Goods Unit		enter a number of units		enter a number of units		enter a number of units		enter a number of units
select a summarizing line for the first part Expected Unit SalesBeginning Finished Goods UnitDesired Ending Finished Goods UnitTotal Required UnitsRequired Production UnitsDesired Ending Direct MaterialsDirect Materials Per UnitTotal Materials RequiredBeginning Direct MaterialsDirect Materials Purchases		enter a total number of units for the first part		enter a total number of units for the first part		enter a total number of units for the first part		enter a total number of units for the first part
select between addition and deduction AddLess: select a production budget item Desired Ending Finished Goods UnitTotal Materials RequiredDirect Materials PurchasesBeginning Finished Goods UnitDirect Materials Per UnitBeginning Direct MaterialsExpected Unit SalesTotal Required UnitsRequired Production UnitsDesired Ending Direct Materials		enter a number of units		enter a number of units		enter a number of units		enter a number of units
select a closing production budget item Beginning Direct MaterialsDirect Materials PurchasesRequired Production UnitsTotal Materials RequiredBeginning Finished Goods UnitTotal Required UnitsDirect Materials Per UnitExpected Unit SalesDesired Ending Finished Goods UnitDesired Ending Direct Materials		enter a total number of units		enter a total number of units		enter a total number of units		enter a total number of units		enter a total number of units

The January 1, 2020, inventory of HD-240 is 2,200 units. Management desires an ending inventory each quarter equal to 40% of the next quarters sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter and in total for 2020.

TURNEY COMPANY Production Budget choose the accounting period For the Year Ending December 31, 2020For the Quarter Ended December 31, 2020For the Month Ended December 31, 2020
Product HD-240
	Quarter
		1		2		3		4		Year
		enter a number of units		enter a number of units		enter a number of units		enter a number of units