Refer to the information in Exercise. In Exercise Hospitable Co. provides the following sales forecast for the
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In Exercise Hospitable Co. provides the following sales forecast for the next four months:
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The company wants to end each month with ending finished goods inventory equal to 25% of next month€™s sales. Finished goods inventory on April 1 is 190 units. Assume July€™s budgeted production is 540 units. Prepare a production budget for the months of April, May, and June.
In addition, each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month€™s production needs. Beginning raw materials inventory for April was 663 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June.
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Related Book For 
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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