Crystal telecom has budgeted the sales of its innovative, Ask an Expert

Accounting

Crystal Telecom has budgeted the sales of its innovative mobile phone over the next four months as follows:

	Sales in Units
July		17,000
August		41,000
September		62,000
October		48,000

The company is now in the process of preparing a production budget for the third quarter. Past experience has shown that end-of-month finished goods inventories must equal 15% of the next month's sales.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9800983

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