Question: Problem 4 Galvin Production is beginning the budgeting process for 2003. The sales forecast for the first three months of 2003 in units is: January

Problem 4 Galvin Production is beginning the budgeting process for 2003. The sales forecast for the first three months of 2003 in units is:

January	10,000
February	12,000
March	13,000

The company desires to have 10% of the next months anticipated sales in inventory at the end of a month. Decembers ending inventory reflects this policy. Aprils sales are budgeted at 15,000 units. Prepare a production budget for January, February, and March, 2003.

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