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Lily Company produces and sells automobile batteries, the heavy-duty HD-240. The 2022 sales forecast is...

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Accounting

Lily Company produces and sells automobile batteries, the heavy-duty HD-240. The 2022 sales forecast is as follows.
\table[[Quarter,,HD-240],[1,,4,200],[2,,5,880],[3,,6,720],[4,,8,400]]
The January 1,2022, inventory of HD-240 is 1,680 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2023 are expected to be 25% higher than sales in the same quarter in 2022.
Prepare quarterly production budgets for each quarter and in total for 2022.
LILY COMPANY
Production Budget
Product HD-240
Quarter
image

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