Garver Industries has budgeted the following unit sales: The finished goods units on hand...
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Accounting
Garver Industries has budgeted the following unit sales:
The finished goods units on hand on December was units. Each unit requires pounds of raw materials that are estimated to cost an average of $ per pound. It is the
company's policy to maintain a finished goods inventory at the end of each month equal to of next month's anticipated sales.
Instructions
For the first quarter of prepare a production budget.
GARVER INDUSTRIES
Production Budget
For the Quarter Ended March
January February March Total
Expected unit sales
Desired ending finished goods units
Total required units
Less: Beginning finished goods units
Required production units
Answer & Explanation
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