Down under products ltd of australia has budgeted sales of, Ask an Expert

Accounting

Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows:

	Sales in Units
April		76,000
May		85,000
June		116,000
July		93,000

The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 15% of the following month's sales. The inventory at the end of March was 11,400 units.

Required:

Prepare a production budget for the second quarter; in your budget, show the number of units to be produced each month and for the quarter in total.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91598147

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