1. Lavery Manufacturing produces and sells containers designed to hold liquid beverages. The sales budget for 2014 is as follows: 1st quarter 2nd quarter 120,000 units 160,000 units 3rd quarter-180,000 units 4th quarter-140,000 units Lavery desires an ending inventory equal to 30% of the next quarter's sales. January 1, 2014 inventory is 36,000 units. Unit sales during the 1st quarter of 2015 are estimated at 120,000 units. Required: Calculate the required production for the year, showing quarterly data. Use the template format given as shown below : Description Quarter 1 Quarter 2 Quarter 3 Quarter 4

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter4: Financial Planning And Forecasting
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1. Lavery Manufacturing produces and sells containers designed to hold liquid beverages. The
sales budget for 2014 is as follows:
1st quarter
2nd quarter
120,000 units
160,000 units
3rd quarter-180,000 units
4th quarter-140,000 units
Lavery desires an ending inventory equal to 30% of the next quarter's sales. January 1, 2014
inventory is 36,000 units. Unit sales during the 1st quarter of 2015 are estimated at 120,000
units.
Required: Calculate the required production for the year, showing quarterly data. Use the
template format given as shown below :
Description
Quarter 1
Quarter 2
Quarter 3 Quarter 4
Transcribed Image Text:1. Lavery Manufacturing produces and sells containers designed to hold liquid beverages. The sales budget for 2014 is as follows: 1st quarter 2nd quarter 120,000 units 160,000 units 3rd quarter-180,000 units 4th quarter-140,000 units Lavery desires an ending inventory equal to 30% of the next quarter's sales. January 1, 2014 inventory is 36,000 units. Unit sales during the 1st quarter of 2015 are estimated at 120,000 units. Required: Calculate the required production for the year, showing quarterly data. Use the template format given as shown below : Description Quarter 1 Quarter 2 Quarter 3 Quarter 4
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