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Lily Company estimates that unit sales will be 11,000 in quarter 1, 15,400 in quarter 2, 16,500 in quarter 3, and 19,800 in quarter 4. The unit selling price is $70. Management desires to have an ending finished goods inventory equal to 25% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2027. Expected Unit Sales Add : Direct Materials Der Unit Direct Materials Purchases Less Desired Ending Finished Goods Inventorv Total Materials Required LILY COMPANY Production Budget For the Six Months Ending June 30, 2027 Quarter 1 2 14850 15675

Lily Company estimates that unit sales will be 11,000 in quarter 1, 15,400 in quarter 2, 16,500 in quarter 3, and 19,800 in quarter 4. The unit selling price is $70. Management desires to have an ending finished goods inventory equal to 25% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2027. Expected Unit Sales Add : Direct Materials Der Unit Direct Materials Purchases Less Desired Ending Finished Goods Inventorv Total Materials Required LILY COMPANY Production Budget For the Six Months Ending June 30, 2027 Quarter 1 2 14850 15675

FINANCIAL ACCOUNTING
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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Also include the total of the six months

Lily Company estimates that unit sales will be 11,000 in quarter 1, 15,400 in quarter 2, 16,500 in quarter 3, and 19,800 in quarter 4. The unit selling price is $70. Management desires to have an ending finished goods inventory equal to 25% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2027. Expected Unit Sales Add : Direct Materials Der Unit Direct Materials Purchases Less Desired Ending Finished Goods Inventorv Total Materials Required LILY COMPANY Production Budget For the Six Months Ending June 30, 2027 Quarter 1 2 14850 15675
Transcribed Image Text:Lily Company estimates that unit sales will be 11,000 in quarter 1, 15,400 in quarter 2, 16,500 in quarter 3, and 19,800 in quarter 4. The unit selling price is $70. Management desires to have an ending finished goods inventory equal to 25% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2027. Expected Unit Sales Add : Direct Materials Der Unit Direct Materials Purchases Less Desired Ending Finished Goods Inventorv Total Materials Required LILY COMPANY Production Budget For the Six Months Ending June 30, 2027 Quarter 1 2 14850 15675
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