Exercise 21-4 Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales...
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Accounting
Exercise 21-4 Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales forecast is as follows.
Quarter HD-240 1 5,400 2 7,130 3 8,110 4 10,350
The January 1, 2017, inventory of HD-240 is 2,160 units. Management desires an ending inventory each quarter equal to 40% of the next quarters sales. Sales in the first quarter of 2018 are expected to be 25% higher than sales in the same quarter in 2017.
Prepare quarterly production budgets for each quarter and in total for 2017.
TURNEY COMPANY Production Budget
Product HD-240 Quarter 1 2 3 4
Year
:
:
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