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Aqua-pro Inc. produces submersible water pumps for ponds and cisterns. The unit sales for selected...

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Accounting

Aqua-pro Inc. produces submersible water pumps for ponds and cisterns. The unit sales for selected months of the year are as follows:

Unit Sales
April 189,000
May 231,000
June 210,000
July 252,000

Company policy requires that ending inventories for each month be 25% of next month's sales. However, at the beginning of April, due to greater sales in March than anticipated, the beginning inventory of water pumps is only 21,000.

Required:

Prepare a production budget for the second quarter of the year. Show the number of units that should be produced each month as well as for the quarter in total.

Aqua-pro Inc.
Production Budget
For the Second Quarter
April May June Total
Sales fill in the blank 1 fill in the blank 2 fill in the blank 3 fill in the blank 4
Desired ending inventory fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8
Total needs fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12
Less: Beginning inventory fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16
Units produced fill in the blank 17 fill in the blank 18 fill in the blank 19 fill in the blank 20

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