Lily Company's sales budget projects unit sales of part 1987 of 8,400 units in January, 10,000...
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Lily Company's sales budget projects unit sales of part 1987 of 8,400 units in January, 10,000 units in February, and 11,000 units in March. Each unit of part 1987 requires 4 pounds of materials, which cost $2 per pound. Lily Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2021. Prepare a production budget for January and February 2022 LILY COMPANY Production Budget eTextbook and Media January February LILY COMPANY Direct Materials Budget January Lily Company's sales budget projects unit sales of part 1987 of 8,400 units in January, 10,000 units in February, and 11,000 units in March. Each unit of part 1987 requires 4 pounds of materials, which cost $2 per pound. Lily Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2021. Prepare a production budget for January and February 2022 LILY COMPANY Production Budget eTextbook and Media January February LILY COMPANY Direct Materials Budget January
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