Trapper Cycles manufactures chainless bicycles. On March 31, Trapper Cycles had 309 bikes in inventory. The company has a policy that the ending inventory in any month must be 30% of the following month's expected sales. Trapper Cycles expects to sell the following number of bikes in each of next four months: (Click the icon to view the data) Prepare a production budget for the second quarter, with a column for each month and for the quarter. Trapper Cycles Production Budget For the Months of April through June April May Unit sales Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce 1030 Data table April May June July 1160 June 1340 Quarter 1,030 bikes 1,160 bikes 1,320 bikes 1,250 bikes 3530 - X

Trapper Cycles manufactures chainless bicycles. On March 31, Trapper Cycles had 309 bikes in inventory. The company has a policy that the ending inventory in any month must be 30% of the following month's expected sales. Trapper Cycles expects to sell the following number of bikes in each of next four months: (Click the icon to view the data) Prepare a production budget for the second quarter, with a column for each month and for the quarter. Trapper Cycles Production Budget For the Months of April through June April May Unit sales Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce 1030 Data table April May June July 1160 June 1340 Quarter 1,030 bikes 1,160 bikes 1,320 bikes 1,250 bikes 3530 - 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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