Partially correct answer icon Your answer is partially correct. Coronado Company estimates that unit sales will be 9,200 in quarter 1, 12,880 in quarter 2, 13,800 in quarter 3, and 16,560 in quarter 4. The unit selling price is $70. Management desires to have an ending finished goods inventory equal to 25% of the next quarters expected unit sales. Prepare a production budget by quarters for the first 6 months of 2022.

Coronado Company estimates that unit sales will be 9,200 in quarter 1, 12,880 in quarter 2, 13,800 in quarter 3, and 16,560 in quarter 4. The unit selling price is $70. Management desires to have an ending finished goods inventory equal to 25% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2022. CORONADO COMPANY Production Budget For the Six Months Ending June 30,2022 Quarter 1 2 Expected Unit Sales 9200 12800 Add : Desired Ending Finished Goods Inventory 3200 3450 Required Production Units 12400 16250 Less Beginning Finished Goods Inventory 2300 i 3200 Total Required Units 10100 13050