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inment 6 Chapter 10 Question 1 of 6 > - /20 Wayans Company produces and sells automobile batteries, including the heavy-duty HD-240. The 2020 sales budget is as follows: Quarter 1 2 Units of HD-240 5,400 6,800 8,400 10,400 3 4 The January 1, 2020, inventory of HD-240 is 1,700 units. Management wants an ending inventory each quarter that is equal to 30% of the next quarter's sales. It expects sales in the first quarter of 2021 to be 20% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter for 2020. WAYANS COMPANY Production Budget-Product HD-240 For the Year Ending December 31, 2020 Quarter 2 3 1 Unit Sales Add v Ending Inventory Total Required The January 1, 2020, inventory of HD-240 is 1,700 units. Management wants an ending inventory each quarter that is equal to 30% of the next quarter's sales. It expects sales in the first quarter of 2021 to be 20% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter for 2020. WAYANS COMPANY Production Budget-Product HD-240 For the Year Ending December 31, 2020 Quarter 2 3 1 Unit Sales Add Ending Inventory Total Required Less : Beginning Inventory Total e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later Last saved 29 minutes ago

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