Grantham Manufacturing Company makes oak racing chairs. Budgeted sales are 19,600 for July, 25,900 for September and 31,600 for October. Grantham maintains an ending inventory equal to 10% of the current month’s sales. Ending inventory at June 30 ^th was 2,850.

Prepare a production budget for the 3rd quarter ending September 30.

Answer rating: 100% (QA)

Grantham Manufacturing company Statement showing computations Production Budget Particu... View the full answer