Imagine you are an owner of a company. Listed below are your budgeted monthly unit sales sold at P10 per unit. March April May June July Budgeted Monthly Unit Sales 2,000.00 3,000.00 4,000.00 5,000.00 4,500.00 The desired finished goods inventory balance is 20% of the budgeted monthly unit sales of the following month. The beginning balance of finished goods inventory in April amounted to 500 units while the desired ending balance of finished goods inventory in June amounted to 500 units. Using the table below, prepare a production budget for the month of April, May and June. Production Budget April May June Total Budgeted Unit Sales Add: Desired ending finished goods inventory Total Needs Less: Beginning finished goods inventory Required production in units

Imagine you are an owner of a company. Listed below are your budgeted monthly unit sales sold at P10 per unit. March April May June July Budgeted Monthly Unit Sales 2,000.00 3,000.00 4,000.00 5,000.00 4,500.00 The desired finished goods inventory balance is 20% of the budgeted monthly unit sales of the following month. The beginning balance of finished goods inventory in April amounted to 500 units while the desired ending balance of finished goods inventory in June amounted to 500 units. Using the table below, prepare a production budget for the month of April, May and June. Production Budget April May June Total Budgeted Unit Sales Add: Desired ending finished goods inventory Total Needs Less: Beginning finished goods inventory Required production in units

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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