FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high...

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Accounting

FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKicks best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following:

Practice Balls Match Balls
Units Selling Price Units Selling Price
January 50,000 $8.75 7,000 $16.00
February 56,000 $8.75 8,000 $16.00
March 70,000 $8.75 13,000 $16.00
April 100,000 $8.75 19,000 $16.00

FlashKick requires ending inventory of product to equal 20 percent of the next months unit sales. Beginning inventory in January was 3,300 practice soccer balls and 400 match soccer balls.

Required:

Construct a production budget for each of the two product lines for FlashKick Company for the first three months of the coming year.

Production budget for practice balls:

FlashKick Company
Production Budget - Practice Balls
For the First Quarter of Next Year
January February March
Unit sales __________ __________ __________
Desired ending inventory __________ __________ __________
Total needed __________ __________ __________
Less: Beginning inventory __________ __________ __________
Units produced __________ __________ __________

Production budget for match balls:

FlashKick Company
Production Budget - Match Balls
For the First Quarter of Next Year
January February March
Unit sales __________ __________ __________
__________ __________ __________
Total needed __________ __________ __________
__________ __________ __________
Units produced __________ __________ __________

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