Trader Cycles manufactures chainless bicycles On March 31 Trader Cycles
Trader Cycles manufactures chainless bicycles. On March 31, Trader Cycles had 220 bikes in inventory. The company has a policy 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 the next four months:
April..................................................................................................................... 1,000 bikes
May...................................................................................................................... 1,180 bikes
June..................................................................................................................... 1,320 bikes
July...................................................................................................................... 1,200 bikes

Prepare a production budget for the second quarter, with a column for each month and for the quarter.

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