Question: NFT is preparing budgets for the Quarter Ending Sept 30th, 2022. Budgted Sales for the next 6 months are: Each Unit sells for $26. Sales
NFT is preparing budgets for the Quarter Ending Sept 30th, 2022. Budgted Sales for the next 6 months are: Each Unit sells for $26. Sales Budget Budgeted Sales In Units Selling Price Per Unit Total Budgeted Sales Month Units July 32000 August 42000 September 32000 October 21000 November 23000 December 36000 Sales Budget July August September Quarter Part 3: (5 marks) NFT wants an ending inventory equal to 15% of the following month's budgeted sales in units. On June 30th, 21,000 units were on hand. The September 30th desired ending inventory is 20,000. units Budgeted Sales Desired Ending Inventory Total Needs Less Beginning Inventory Required Production Production Budget July August September Quarter
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
