Question: 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

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.

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