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Use the following data to prepare the sales budget and the production budget for 2021: Period First quarter Second quarter Third quarter Fourth quarter 2021 2021 2021 2021 Sales quantity 5000 7000 4000 6000 units units units Units Sales price per unit 40 40 40 50 The beginning inventory 1000 units The ending production inventory = 10% of the sales units for the same quarter The Sales budget for 2021 Period First quarter Second quarter Third quarter Fourth quarter Total Year The production budget for 2021 Period First quarter Second quarter Third quarter Fourth quarter Total Year

Use the following data to prepare the sales budget and the production budget for 2021: Period First quarter Second quarter Third quarter Fourth quarter 2021 2021 2021 2021 Sales quantity 5000 7000 4000 6000 units units units Units Sales price per unit 40 40 40 50 The beginning inventory 1000 units The ending production inventory = 10% of the sales units for the same quarter The Sales budget for 2021 Period First quarter Second quarter Third quarter Fourth quarter Total Year The production budget for 2021 Period First quarter Second quarter Third quarter Fourth quarter Total Year

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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Use the following data to prepare the sales budget and the production budget for 2021: Period First quarter Second quarter Third quarter Fourth quarter 2021 2021 2021 2021 Sales quantity 5000 7000 4000 6000 units units units Units Sales price per unit 40 40 40 50 The beginning inventory 1000 units The ending production inventory = 10% of the sales units for the same quarter The Sales budget for 2021 Period First quarter Second quarter Third quarter Fourth quarter Total Year The production budget for 2021 Period First quarter Second quarter Third quarter Fourth quarter Total Year
Transcribed Image Text:Use the following data to prepare the sales budget and the production budget for 2021: Period First quarter Second quarter Third quarter Fourth quarter 2021 2021 2021 2021 Sales quantity 5000 7000 4000 6000 units units units Units Sales price per unit 40 40 40 50 The beginning inventory 1000 units The ending production inventory = 10% of the sales units for the same quarter The Sales budget for 2021 Period First quarter Second quarter Third quarter Fourth quarter Total Year The production budget for 2021 Period First quarter Second quarter Third quarter Fourth quarter Total Year
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