lashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high- erformance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 50,000 $8.75 7,000 $16.00 February 58,000 $8.75 7,500 $16.00 March 80,000 $8.75 12,000 $16.00 April 100,000 $8.75 19,000 $16.00 lashKick requires ending inventory of product to equal 20 percent of the next month's unit sales. Beginning inventory in January was 3,200 practice soccer balls and 400 match soccer balls. Required: Construct a production budget for each of the two product lines for FlashKick Company for the first three months of the coming year. Production budget for practice balls: FlashKick Company Production Budget - Practice Balls For the First Quarter of Next Year February March January X Unit sales X Desired ending inventory ✓ X X Total needed X X Less: Beginning inventory X X X X Units produced X X X X X

lashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high- erformance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 50,000 $8.75 7,000 $16.00 February 58,000 $8.75 7,500 $16.00 March 80,000 $8.75 12,000 $16.00 April 100,000 $8.75 19,000 $16.00 lashKick requires ending inventory of product to equal 20 percent of the next month's unit sales. Beginning inventory in January was 3,200 practice soccer balls and 400 match soccer balls. Required: Construct a production budget for each of the two product lines for FlashKick Company for the first three months of the coming year. Production budget for practice balls: FlashKick Company Production Budget - Practice Balls For the First Quarter of Next Year February March January X Unit sales X Desired ending inventory ✓ X X Total needed X X Less: Beginning inventory X X X X Units produced X X X X X

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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