The following information is from SASKCorp's 2021 production budget: Sales (in units) Production (in units) Ending Finished
Question:
The following information is from SASKCorp's 2021 production budget:
Sales | Production | Ending Finished | |
First Quarter | 65,000 | 65,750 | ? |
Second Quarter | 70,000 | ? | 8,700 |
Third Quarter | ? | 57,400 | ? |
Fourth Quarter | 54,000 | ? | 9,750 |
Sask Corp's desired beginning finished goods inventory is 15% of the current quarter's sales.
a) What is SASKCorp's expected beginning finished goods inventory in the first quarter?
b) What is SASKCorp's expected ending finished goods inventory in the first quarter?
c) What is SASKCorp's expected ending finished goods inventory in the third quarter?
d) What is SASKCorp's expected beginning finished goods inventory in the third quarter?
e) What is SASKCorp's expected production in units in the second quarter?
f) What is SASKCorp's expected sales in units in the third quarter?
g) What is SASKCorp's expected production in units in the fourth quarter?
h) What is SASKCorp's expected sales in units in the first quarter of 2022?
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer