Trader Cycles manufactures chainless bicycles. On March 31, Trader Cycles had 324 bikes in inventory....
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Trader Cycles manufactures chainless bicycles. On March 31, Trader Cycles had 324 bikes in inventory. The company's policy is that the ending inventory in any month must be 30% of the following month's expected sales. Trader Cycles expects to sell the following number of bikes in each of next 4 months: April ........ 1,080 bikes May ........ 1,140 bikes June ....... 1,330 bikes July ........ 1,330 bikes Prepare a production budget for the second quarter with a column for each month and for the quarter.
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