At March 31 ABC Enterprises, a merchandising firm, had an inventory of 38,000 units. Sales,...
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Accounting
At March 31 ABC Enterprises, a merchandising firm, had an inventory of 38,000 units. Sales, in units, have been budgeted as follows for the next four months:
| April | 60,000 |
| May | 75,000 |
| June | 90,000 |
| July | 81,000 |
ABCs board of directors has established a policy to commence in April that the inventory at the end of each month should contain 40% of the units required for the following month's budgeted sales. The selling price is $2 per unit. Prepare a sales and production budget for the months April, May, and June.
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