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8-2B - Production Budget Joanne Company shows the following estimates for unit sales for...

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Accounting

8-2B - Production Budget

Joanne Company shows the following estimates for unit sales for the third quarter of its upcoming fiscal year:

July

August

September

Quarter

Units sold

5,000

4,000

3,500

12,500

The company requires finished goods inventory on hand equal to 30% of the next months expected sales.

The company expects to begin July with 1,500 units in inventory. The expected unit sales for October are 3,800.

Required:

Prepare a production budget for the quarter.

image

What is the desired ending inventory for the quarter and from what month does it come from? What are the total production needs for the month of August? What is the beginning inventory for the quarter and from what month is it based on? Which quarter is this Production Budget for

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