I just need the "Finished Goods Inventory" solved and I can get the rest. Apparently...
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Accounting
I just need the "Finished Goods Inventory" solved and I can get the rest. Apparently you need the 330 from the Production Budget and something else from the Cost of Goods Sold Budget.
1 Production Budget Trenton Toy Company Production Budget For the Year Ended December 31, 2019 First Second Third Fourth Quarter Quarter Quarter Quarter Total Budgeted sets to be sold 1,000 900 285 950 300 1,050 330 3,900 330 315 Plus: Desired sets in ending inventory Total sets needed 1,185 1,250 1,315 300 1,380 315 4,230 150 Less: Sets in beginning inventory 150 285 1,035 965 1,015 1,065 Budgeted sets to be produced 4,080 Print Print Done Done Trenton Toy Company Budgeted Balance Sheet December 31, 2019 Assets Current Assets: Cash $ Accounts Receivable 121,059 25,725 900 Raw Materials Inventory Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation Total Assets Liabilities Current Liabilities: Accounts Payable Stockholders' Equity Trenton Toy Company Cost of Goods Sold Budget For the Year Ended December 31, 2019 First Second Third Fourth Quarter Quarter Quarter Quarter Total Beginning inventory 4,350 Sets produced and sold in 2019 14,700 $ $ 18,620 $ 18,620 $ 19,600 19,600 $ $ 20,580 20,580 4,350 73,500 77,850 || $ 19,050 $ Total budgeted cost of goods soldGet Answers to Unlimited Questions
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You can see the logs in the Dashboard.