Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the...
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Accounting
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows:
| Unit Sales | |||
| April | 56,000 | ||
| May | 75,000 | ||
| June | 96,000 | ||
| July | 83,000 | ||
The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 10% of the following months unit sales. The inventory at the end of March was 5,600 units.
Required:
Prepare a production budget by month and in total, for the second quarter.
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