a) Prepare a production budget for May & June for OldX and NewX b) Prepare a materials (Component A) purchase budget for May & June for NewX Wilmer Company produces two products: OldX and NewX. Budgeted sales for four months are as follows: May June July August OldX 10,000 20,000 15,000 30,000 NewX 40,000 70,000 80,000 90,000 Wilmer's ending inventory policy is that OldX should have 10% of next month's sales in ending inventory and NewX should have 20% of next month's sales in ending inventory. On May 1, there were 1,000 units of OldX and 9,000 units of NewX NewX requires 4 units of component A. (OldX does not use component A.) There were 2,100 units of component A in inventory on May 1. Wilmer wants to have 30 percent of the following month's production needs in inventory for Component Al

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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ANSWER EVERYTHING AND PLEASE DO THIS TYPEWRITTEN FOR UPVOTE

a) Prepare a production
budget for May & June for OldX and
NewX
b) Prepare a materials
(Component
May & June for NewX
Wilmer Company produces two products: OldX and NewX. Budgeted sales for four months are as
follows:
May
June
A) purchase budget for
July
August
OldX
10,000
20,000
15,000
30,000
NewX
40,000
70,000
80,000
90,000
Wilmer's ending inventory policy is that OldX should have 10% of next month's sales in ending inventory
and NewX should have 20% of next month's sales in ending inventory. On May 1, there were 1,000 units
of OldX and 9,000 units of NewX
NewX requires 4 units of component A. (OldX does not use component A.) There were 2,100 units of
component A in inventory on May 1. Wilmer wants to have 30 percent of the following month's production
needs in inventory for Component A.
Transcribed Image Text:a) Prepare a production budget for May & June for OldX and NewX b) Prepare a materials (Component May & June for NewX Wilmer Company produces two products: OldX and NewX. Budgeted sales for four months are as follows: May June A) purchase budget for July August OldX 10,000 20,000 15,000 30,000 NewX 40,000 70,000 80,000 90,000 Wilmer's ending inventory policy is that OldX should have 10% of next month's sales in ending inventory and NewX should have 20% of next month's sales in ending inventory. On May 1, there were 1,000 units of OldX and 9,000 units of NewX NewX requires 4 units of component A. (OldX does not use component A.) There were 2,100 units of component A in inventory on May 1. Wilmer wants to have 30 percent of the following month's production needs in inventory for Component A.
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