VitaPup produces a vitamin-enhanced dog food that is sold in Kansas. The company expects sales to be
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VitaPup produces a vitamin-enhanced dog food that is sold in Kansas. The company expects sales to be 13,000 bags in January, 14,900 bags in February 19,400 bags in Marchland 21,900 bags in April. There are 1,300 bags on hand at the start of January. VitaPup desires to maintain monthly ending inventory equal to 10 percent of next month’s expected sales.
Required
Prepare the production budget for VitaPup for the months of January, February, and March.
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 =...
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