Lugo Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $30.

Question:

Lugo Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $30. Lugo projects sales for April will be 2,000 packages, with sales increasing by 250 packages per month for May, June, and July. On April 1, Lugo has 325 packages on hand but desires to maintain an of 20% of the next month's sales. Prepare a sales budget and a production budget for Lugo for April, May, and June?
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...