Janet Lawerence the controller for Toy Bike Maker Inc is preparing a production budget for the yea The company's policy is 1. maintain a finished goods inventory equal to one-half of the following month's sales. 2. Sales of 7,000 toy bikes are budgeted for April. 3. Complete the monthly production budget for the first quarter January February March 4,000 6,000 5,000 4. Sales in units Add desired units of ending finished goods inventory Desired total units Less desired units of beginning finished goods inventory Total production units 2,000 7,000 ? 4,500 ? ? ti

Janet Lawerence the controller for Toy Bike Maker Inc is preparing a production budget for the yea The company's policy is 1. maintain a finished goods inventory equal to one-half of the following month's sales. 2. Sales of 7,000 toy bikes are budgeted for April. 3. Complete the monthly production budget for the first quarter January February March 4,000 6,000 5,000 4. Sales in units Add desired units of ending finished goods inventory Desired total units Less desired units of beginning finished goods inventory Total production units 2,000 7,000 ? 4,500 ? ? ti

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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