The january 1 2011 inventory of dh-240is 2500 units., Ask an Expert

Accounting

Pletcher Company produces and sell automobile batteries, the heavy-duty HD-24. The 2011 sales forecast is as follows.

Quarter HD-240
1 5,000
2 7,000
3 8,000
4 10,000

The January 1, 2011, inventory of DH-240is 2,500 units. Management desires an ending inventory each quarter equal to 50% of the next quarter's sales. Sales in the first quarter of 2012 are expected to be 30% higher than sales in the same quarter in 2011.

Instructions
Prepare quarterly production budgets for each quarter and in total for 2011.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M970585

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