Atlantic Surf manufactures surfboards. The company's budgeted sales units for the next three months is shown below. Company policyis to maintain finished goods inventory equal (in units) to 40% of the next month's unit sales. As of June 30, the company has 1,760finished surfboards in inventory.Budgeted sales unitsJuly4,400August5,500September3,300Prepare the production budget for the months of July and August.ATLANTIC SURFProduction BudgetBudgeted sales unitsAdd: Desired ending inventoryDesired ending inventory unitsTotal required unitsUnits to be producedJuly0August0

Production budget is prepared by the Business Entity to provide for the goods required to meet the…

Answered: Prepare the production budget for the…

Business

Accounting

Prepare the production budget for the months of July and August.

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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