Gertrude Products expects the following sales of its single product: July August H October November Units...
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Gertrude Products expects the following sales of its single product: July August H October November Units 6,100 6,800 September 7,200 8,500 9,700 Gertrude desires an ending finished goods inventory to be equal to 30% of the next month's sales needs. July 1 inventory is projected to be 1,830 units. Each unit requires 5 pounds of Chemical A and 15 pounds of Chemical B. July 1 materials inventory includes 9,465 pounds of Chemical A and 94,650 pounds of Chemical B. Gertrude desires to maintain a Chemical A inventory equal to 30% of next month's production needs and a Chemical B inventory equal to 100% of next month's production needs. a. Prepare a production budget for Gertrude for as many months as is possible. Sales Ending Inv Beginning Inv Production July August September October November Gertrude Products expects the following sales of its single product: July August H October November Units 6,100 6,800 September 7,200 8,500 9,700 Gertrude desires an ending finished goods inventory to be equal to 30% of the next month's sales needs. July 1 inventory is projected to be 1,830 units. Each unit requires 5 pounds of Chemical A and 15 pounds of Chemical B. July 1 materials inventory includes 9,465 pounds of Chemical A and 94,650 pounds of Chemical B. Gertrude desires to maintain a Chemical A inventory equal to 30% of next month's production needs and a Chemical B inventory equal to 100% of next month's production needs. a. Prepare a production budget for Gertrude for as many months as is possible. Sales Ending Inv Beginning Inv Production July August September October November
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Heres the production budget for July to November Month Sales Ending Inv Beginning Inv Production Jul... View the full answer
Related Book For
Managerial Accounting
ISBN: 9781259275814
11th Canadian Edition
Authors: Ray H Garrison, Alan Webb, Theresa Libby
Posted Date:
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