Wayans Company produces and sells automobile batteries, including the heavy-duty HD-240. The 2016 sales budget is as

Question:

Wayans Company produces and sells automobile batteries, including the heavy-duty HD-240. The 2016 sales budget is as follows:

The January 1, 2016, inventory of HD-240 is 1,500 units. Management wants an ending inventory each quarter that is equal to 30% of the next quarter's sales. It expects sales in the first quarter of 2017 to be 20% higher than sales in the same quarter in 2016.
Instructions
Prepare quarterly production budgets for each quarter for 2016.

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 =...