The Production Budget The management at Royal Company wants ending inventory to be equal to...
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Accounting
The Production Budget
The management at Royal Company wants ending inventory to be equal to 20% of the following months budgeted sales in units. On March 31st, 4,000 units were on hand. Lets prepare the production budget.
Month
April
May
June
Quarter 2
July
August
Budgeted unit sales
Add desired units of ending inventory
Total needs
Less units of beginning inventory
Required production in units
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