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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Data Trevor Cycles manufactures chainless bicycles. On March 31, Trevor Cycles had 206 bikes in inventory. The company has a policy that the ending inventory in any month must be 20% of the following month's expected sales. Trevor Cycles expects to sell the following number of bikes in each of next four months: View the data. Prepare a production budget for the second quarter, with a column for each month and for the quarter. Trevor Cycles Production Budget For the Months of April through June April.. 1,030 bikes April May June Quarter May 1,170 bikes les 1030 1170 1390 1270 206 234 278 254 June.. 1,390 bikes esired ending inventory July 1,270 bikes eeded 1236 1404 1668 4308 206 206 234 646 Beginning inventory 1030 1198 1434 3662 o produce Print Done
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