Upward Inc. has projected sales to be 10,000 units in January; 12,000 units in February; 8,000 units

Question:

Upward Inc. has projected sales to be 10,000 units in January; 12,000 units in February; 8,000 units in March;10,000 units in April; and 12,000 units in May. There are 900 units on hand on January 1. Management has determined that it needs to carry 5% of the following month's sales in ending inventory.

REQUIRED

Prepare a production budget for the first quarter, by month and in total.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...