Ewuarbena & Co Manufacturing Ltd have budgeted to sell these quantities of its products, Chocomix, for the coming months in 2020: January - 160,000 sachets; February - 240,000 sachets; March - 200,000 sachets; April - 400,000 sachets; and May - 150,000 sachets. The company expects to sell each sachet for GHS20. The company has decided that to avoid losing customers arising from production hold-ups it would like to maintain a finished goods inventory in the future equal to one-fifth of the following month's budgeted sales. At the beginning of January 2020, the company had finished goods inventory of 10,000 sachets. What is total budgeted sales and production for the 2020 1stquarter ended (January - March 2020)? (show all workings clearly)

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Answer Ewuarbena Co Manufacturing Ltd Budgeted Sales and Production Q1 2020 1 Budgeted Sales January ... View the full answer