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a. The finlshed goods Inventory on hand at the end of each month must equal...

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Accounting

a. The finlshed goods Inventory on hand at the end of each month must equal 2,000 units of Supermix plus 25% of the next month's
sales. The finlshed goods Inventory on June 30 is budgeted to be 11,250 units.
b. The raw materlals Inventory on hand at the end of each month must equal one-half of the following month's production needs for
raw materlals. The raw materlals inventory on June 30 is budgeted to be 57,375cc of solvent H300.
c. The company maintains no work in process Inventorles.
A monthly sales budget for Supermix for the third and fourth quarters of the year follows.
Required:
Prepare a production budget for Supermix for the months July, August, September, and October.
Prepare a direct materlals budget showing the quantlty of solvent H300 to be purchased for July, August, and September, and for
the quarter in total.
Complete this question by entering your answers in the tabs below.
Required 1
Prepare a production budget for Supermix for the months July, August, September, and October.
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