Answered step by step
Verified Expert Solution
Question
1 Approved Answer
YETUN upons Ainsley Company prepared the following sales budget for July, August, and September of 2020. In addition, sales are forecasted to be 24,000 units
YETUN upons Ainsley Company prepared the following sales budget for July, August, and September of 2020. In addition, sales are forecasted to be 24,000 units for October. Ainsley Company Sales Budget July, 2020 September, 2020 July August September Budgeted sales units 21.000 19.000 20,000 Selling price per unit $17 $17 $17 Totalbudgeted sales dollars 1357,000 5327,000 $140,000 Company policy calls for a given month's ending finished goods inventory to equal 70% of the next month's expected unit sales. The June 30 finished goods inventory is 16,800 units, which does not comply with the policy Complete the schedule below to first determine the desired ending inventory that you will need for the production budget. uly August September Podpered sales for the following month Mutiplyty the ratio 0 70% 70% Desired ending twentory for the month Question Completion Status: Mly August September Budgeted sales for the following month 704 Multiply by this ratio 70% 70W Desired ending Inventory for this month Complete the following blanks to prepare the production budget for Ainsley Company for July, August, September, 2020. Answers in the first (left) column should contain words; do not use parenthesis or dashes/hyphens in your words. Answers in the other columns should contain numbers; do not use dollars signs or commas in your answers. Ainsley Company Production Budget July, 2020 September, 2020 July August September Desired ending inventory from schedule above Total required units less Units to be produced
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started