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Tyler Co. predicts the following unit sales for the next four months: April, 3,000 units; May, 4,100 units; June, 6,700 units; and July, 2,100 units.
Tyler Co. predicts the following unit sales for the next four months: April, 3,000 units; May, 4,100 units; June, 6,700 units; and July, 2,100 units. The companys policy is to maintain finished goods inventory equal to 40% of the next months sales. At the end of March, the company had 900 finished units on hand. Prepare a production budget for each of the months of April, May, and June.
Tyler Co. Production Budget April, May and June April Next month's budgeted sales (units) % May June % % Units to be produced
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