Gertrude Products expects the following sales of its single product: Units June July 6,280 6,780 August 7,480 September 8,080 October 9,080 Required Gertrude has an ending finished goods inventory policy of 10% of the next month's sales needs. Each unit requires 5 pounds of Chemical A and 14 pounds of Chemical B. July 1 materials inventory includes 8,600 pounds of Chemical A and 76,000 pounds of Chemical B. Gertrude desires to maintain a Chemical A inventory equal to 20% of next month's production needs and a Chemical B inventory equal to 100% of next month's production needs. a. Prepare a production budget for Gertrude Products for the quarter ending September 30.

Gertrude Products expects the following sales of its single product: Units June July 6,280 6,780 August 7,480 September 8,080 October 9,080 Required Gertrude has an ending finished goods inventory policy of 10% of the next month's sales needs. Each unit requires 5 pounds of Chemical A and 14 pounds of Chemical B. July 1 materials inventory includes 8,600 pounds of Chemical A and 76,000 pounds of Chemical B. Gertrude desires to maintain a Chemical A inventory equal to 20% of next month's production needs and a Chemical B inventory equal to 100% of next month's production needs. a. Prepare a production budget for Gertrude Products for the quarter ending September 30.

Name: min.2 Problem 8-109 (Algo) [LO 8-3b, 8-3c]Gertrude Products expects th
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Description: min.2 Problem 8-109 (Algo) [LO 8-3b, 8-3c]Gertrude Products expects the following sales of its single product:UnitsJuneJuly6,2806,780August7,480September8,080October9,080RequiredGertrude has an ending finished goods inventory policy of 10% of the nex

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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