Bosworth Boxes makes cardboard boxes in three sizessmall, medium, and large. Betty Bosworth currently is working on

Question:

Bosworth Boxes makes cardboard boxes in three sizes€”small, medium, and large. Betty Bosworth currently is working on the monthly budgets for March and April and provides you with the following information:

Desired ending inventory for each type of box = 20% of the following month€™s sales.

Required:
Prepare Bosworth Boxes€™ revenue and production budgets for March andApril.

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 =...

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Perform the calculations separately for each type of box although we use the same inventory equation ...View the full answer

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Question Posted: Feb 20, 2013 09:31 AM

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Bosworth Boxes makes cardboard boxes in three sizessmall, medium, and large. Betty Bosworth currently is working on

Question:

Box Type Smal m Large Budgeted sales for Mach 10,000 25,000 15,000 15,000 30,000 20,000 Budgeted sales for May 20,000 40,000 25,000 Budgeted price per un $2.75 $3.75 $5.00 Budgeted sales for April S2.75$3.75

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Perform the calculations separately for each type of box although we use the same inventory equation ...View the full answer

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