Question: Production Budget Windsor Lock Companys controller is preparing a production budget for the year. The companys policy is to maintain a finished goods inventory equal

Production Budget

Windsor Lock Companys controller is preparing a production budget for the year. The companys policy is to maintain a finished goods inventory equal to one-half of the following months sales. Sales of 5000 locks are budgeted for April. Complete the monthly production budget for the first quarter:

January

February

March

Sales in Units

5000

4000

6000

Add desired units of ending finished goods in inventory

2000

?

?

Desired total units

7000

?

?

Less desired units of belonging finished goods inventory

?

?

?

Total Production

4500

?

?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!