ABC Manufacturing Company makes T-shirts and sells them for $10.50 each. The Marketing Manager prepared the...

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ABC Manufacturing Company makes T-shirts and sells them for $10.50 each. The Marketing Manager prepared the following sales forecast for the first quarter of 2022: 250,000 units 200,000 units 180,000 units January February March Total for the Quarter 630,000 units The policy of the company is to maintain 10% of the next month's forecasted sales in ending inventory. January's beginning inventory was 18,000 units. April sales are expected to be 160,000 units. Required: Prepare a sales budget and a production budget for each month of the quarter and for the quarter. Use the following tables: Projected Sales Price per Unit Total Projected Sales Projected Sales + Desired Ending Inventory Projected Needs - Beginning Inventory Projected Production ABC Manufacturing Company Sales Budget For the First Quarter of 2022 January February March Quarterly Totals ABC Manufacturing Company Production Budget For the First Quarter of 2022 January February March Quarterly Totals ABC Manufacturing Company makes T-shirts and sells them for $10.50 each. The Marketing Manager prepared the following sales forecast for the first quarter of 2022: 250,000 units 200,000 units 180,000 units January February March Total for the Quarter 630,000 units The policy of the company is to maintain 10% of the next month's forecasted sales in ending inventory. January's beginning inventory was 18,000 units. April sales are expected to be 160,000 units. Required: Prepare a sales budget and a production budget for each month of the quarter and for the quarter. Use the following tables: Projected Sales Price per Unit Total Projected Sales Projected Sales + Desired Ending Inventory Projected Needs - Beginning Inventory Projected Production ABC Manufacturing Company Sales Budget For the First Quarter of 2022 January February March Quarterly Totals ABC Manufacturing Company Production Budget For the First Quarter of 2022 January February March Quarterly Totals

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To prepare the sales budget and production budget for each month of the first quarter of 2022 well follow the given information and apply the companys ... View the full answer