Production and sales estimates for March for the Robin Co. are as follows: Estimated inventory (units), March 1 18,300 Desired inventory (unit), March 31 19,700     Expected sales volume (units):      Area M 7,000    Area L 8,500    Area O 8,000 Unit sales price $18 The number of units expected to be manufactured in March is a.23,500 b.24,900 c.61,500 d.43,200

Q: Lens Junction sells lenses for $45 each and is estimating sales of 15,000 units in January and…

A: Production Budget:— This budget is prepared to estimate the number of units to be produced during…

Q: Assume a merchandising company’s estimated sales for January, February, and March are $106,000,…

A: Cash disbursements for February = (Budgeted purchases for January X 75%) + (Budgeted purchases for…

Q: Production and sales estimates for May for Cardinal Co. are as follows: Estimated inventory…

A: The sales budget includes all the income and expenses of the business on the basis of past…

Q: Lens Junction sells lenses for $45 each and is estimating sales of 14,000 units in January and…

A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…

Q: XYZ Co. has forecasted July sales of 1,100 units. The company maintains ending inventory equal to…

A: Production budget is one of useful budget being prepared in business. It shows how many units needs…

Q: Assume that a company expects to produce 11,200, 12,200, and 14,200 units of finished goods in…

A: Direct Material Purchase Budget :— This budget is prepared to estimate the direct material to be…

Q: Sales in Month Units April 3,440 May 3.885 June 4,620 4,135 3,970 July August Croy's finished goods…

A: Step 1: Construct the production budgetTotal needs = Budgeted sales + Desired ending…

Q: Production and sales estimates for March for the Robin Co. are as follows: Estimated inventory…

A: Total Expected sales volume = Sales of Area M + Sales of Area L + Sales of Area O = 6,100 + 8,800 +…

Q: Cahuilla Corporation predicts the following sales in units for the coming four months: May July 470…

A: Budgeting anticipates revenue and expenditures for a future period based on the past performance and…

Q: Required: 1. Calculate Topanga's cost of goods sold for the first quarter using: a. FIFO b. LIFO c.…

A: First in First Out (FIFO): Under this method, closing inventory is valued assuming that the old…

Q: Expected Sales Total Required Units Required Production Total

A: Answer) Lens Junction Sales Budget For the two Months Ended February 28 20XX…

Q: Production estimates for December are as follows:  Estimated inventory (units), December 1 12,000…

A: The objective of the question is to calculate the total direct materials purchases of materials A…

Q: Wright Lighting Fixtures forecasts its sales in units for the next four months as follows: es March…

A: The production budget is a part of the master budget that estimates the unit should be produced…

Q: Cahuilla Corporation predicts the following sales in units for the coming four months: April May…

A: The inventory that a business must buy throughout each budget period is included in a purchases…

Q: Lens Junction sells lenses for $43 each and is estimating sales of 15,000 units in January and…

A:

Q: repare a production budget for the first four months of the year. One Device Production Budget For…

A: The production budget, also called the manufacturing budget, is a budget that determines the…

Q: Lens Junction sells lenses for $43 each and is estimating sales of 15,000 units in January and…

A: Total Sales Revenue = Expected Sales ( Units ) * Sales Price per Unit

Q: Production and sales estimates for March for Robin Co. are as follows: Estimated inventory (units),…

A: The objective of the question is to calculate the number of units expected to be manufactured in…

Q: Croy Inc. has the following projected sales for the next 5 months: Month             Sales in Units…

A: Production budget shows how much units needs to be produced for estimated sales and maintaining the…

Q: For the month of July, a company estimated that unit sales and required production are 25,250 units…

A: Beginning inventory of July = 25,250 units x 10% = 2,525   Ending inventory of July = Beginning…

Q: Cahuilla Corporation predicts the following sales in units for the coming four months: April May…

A: The number of units of product that must be manufactured is defined by the production budget, which…

Q: The following are the estimated monthly sales and desired ending finished goods inventories for…

A: Total units to be Produced for the month = Budgeted Sales+ Desired Ending Inventory- Beginning…

Q: Lens Junction sells lenses for $44 each and is estimating sales of 16,000 units in January and…

A: Sales budget of the business shows how much sales revenues is expected in coming period from sales.…

Q: Based on the following production and sales estimates for May for Heron Company, determine the…

A: Budgeting is a process of estimation of future income and expenditure for a particular period of…

Q: Assume a company’s estimated sales for January, February, and March are 36,000 units, 37,000 units,…

A: Solution: Budgeted units sales for January = 36000 units Budgeted production units is computed as =…

Q: Prepare a sales budget, production budget, direct materials budget for silicon and solution, and a…

A: Budget is prepared for controlling the costs incurred by estimating the costs and revenues in…

Q: Production and sales estimates for March for Robin Co. are as follows: Estimated inventory…

A: The correct answer is Option (a).

Q: Croy Incorporated has the following projected sales for the next five months: Sales in Month Units…

A: Direct Material -The term "direct material" describes raw materials that are utilized directly in a…

Q: Cahuilla Corporation predicts the following sales in units for the coming four months: April May…

A: Budget:We prepare budgets for the future based on data available at present, Some of  the budgets…

Q: Cahuilla Corporation predicts the following sales in units for the coming four months: April May…

A: Working:

Q: Production estimates for August for Jay Company are as follows: Estimated inventory (units), August…

A: The objective of the question is to calculate the total direct materials purchases required for…

Q: Production and sales estimates for June are as follows: Estimated inventory (units), June 1 Desired…

A: Production refers to the method or way for turning the raw materials (RM) into the finished product…

Q: Assume a company's estimated sales for January, February, and March are 30,000 units, 31,000 units,…

A: Production budget:- This budget is prepared to estimate the number of units to be produced for…

Q: Assume a company's estimated sales for January, February, and March are 41,000 units, 42,000 units,…

A: Desired ending inventory for January = Estimated sales for February x 15% = 42000 x 15% = 6300 units

Q: Estimated inventory (units), July 1 Desired inventory (units), July 31 Expected sales volume…

A: Given : Estimated inventory (units) July 1 = 8500 desired inventory (units) July 31 = 10500 Expected…

Q: Assume a merchandising company's estimated sales for January, February, and March are $107,000, $…

A: The budget is prepared to estimate the requirements for the period. The purchase budget is prepared…

Q: Croy Inc. has the following projected sales for the next five months:      Month Sales in Units…

A: Budgeted production = Budgeted sales + Desired ending inventories - Beginning inventory

Q: Production and sales estimates for June for Cardinal Co. are as follows: Estimated inventory…

A: The objective of the question is to calculate the number of units expected to be manufactured in…

Q: Osage Incorporated has actual sales for May and June and forecast sales for July, August, September,…

A: Material purchase budget :— This budget is prepared to estimate the number of units and cost of…

Q: Cahulilla Corporation predicts the following sales in units for the coming four months: April May…

A: Lets understand the basics.Management prepares budget in order to estimate future profit and…

Q: Lens Junction sells lenses for $44 each and is estimating sales of 15,000 units in January and…

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: Paradise Company plans the following beginning and ending inventory levels (in units) for June: June…

A: The units required to be manufactured can be calculated units sold plus the change in inventory of…

Q: Croy Inc. has the following projected sales for the next five months: Month Salen in Unita 3,850…

A: Following are the solutions to given problems

Q: Wright Lighting Fixtures forecasts its sales in units for the next four months as follows: March…

A: The production budget is referred as a detailed plan that outlines number of units the company needs…

Q: April May June July 240 sales in units Each mone's ending Finished Goods very March 31 Raw Materials…

A: Budgeting -Budgeting is a technique of estimating sales and expenses for the upcoming period on the…

Q: (Production schedule) The projected sales, in units,for Einstein Inc. By month for the first four…

A: Ending inventory = 1/2 of next month estimated sales January = 12,000*1/2 = 6,000 units February  =…

Q: Cahuilla Corporation predicts the following sales in units for the coming four months: April May…

A: Budget means the expected value of future. Budget will be compared with actual value and variance is…

Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.