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Problem 1(12 points) The McCrummen Company prepared the following Sales Budget for 2024. Month...

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Accounting

Problem 1(12 points) The McCrummen Company prepared the following Sales Budget for 2024.
Month
Jan
Feb
Mar
Apr
Expected Unit Sales
2,500
3,100
4,200
3,400
Instructions: Prepare a Production Budget using the Sales Budget and the following additional information on a scratch paper and then answer the questions by filling in the blanks. Do not use commas.
Management desires to have an ending finished goods inventory for each month equal to 10% of the following month's budgeted sales. Beginning finished goods inventory for Jan 2024 is 250 units.
Production Budget
Month
Expected Unit Sales
Ending Finished Goods Inventory
Mar
Required
Mar
Beginning Finished Goods Inventory
Jan
2,500
Jan
Jan
Jan
Feb
3,100
4,200
3,400
Feb
Feb
Feb
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