Question: Windsor Lock Company's controller is preparing a production budget for the year. The company's policy is to maintain a finished goods inventory equal to one-half

Windsor Lock Company's controller is preparing a production budget for the year. The company's policy is to maintain a finished goods inventory equal to one-half of the following month's sales. Sales of 5,000 locks are budgeted for April. Complete the monthly production budget for the first quarter:

	January	February	March
Sales in units	5,000	4,000	6,000
Add desired units of ending finished goods inventory	2,000
Desired total units	7,000
Less desired units of beginning finished goods inventory
Total production units	4,500

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!

SE 4. Isobel Law, the controller for Aberdeen Lock Company, is preparing a production budget for the year. The companys policy is to maintain a finished goods inventory equal to one-half of the...

1. Atlantic Surf manufactures surfboards. The companys sales budget for the next three months is shown below. In addition, company policy is to maintain finished goods inventory equal (in units) to...

Blue Wave Co. predicts the following unit sales for the coming four months: September, 3,700 units; October, 4,300 units; November, 6,800 units; and December, 7,600 units. The company's policy is to...

Blue Wave Company budgets the following unit sales for the next four months: September, 3,700 units; October, 4,600 units; November, 6.300 units; and December, 8,000 units. The company's policy is to...

Blue Wave Co. predicts the following unit sales for the coming four months: September, 3,400 units; October, 4,900 units; November, 6,900 units; and December, 7,700 units. The company's policy is to...

Need help with this Tyler Company budgets the following unit sales for the next four months: April, 3,500 units; May, 4,700 units; June, 6.600 units; and July. 2,400 units. The company's policy is to...

Atlantic Surf manufactures surfboards. The company's sales budget for the next three months is shown below. In addition, company policy is to maintain finished goods inventory equal (in units) to 40%...

Tyler Company budgets the following unit sales for the next four months: April, 3,800 units; May, 4,100 units: June, 6,700 units; and July, 2,700 units. The company's policy is to maintain finished...

Lewis CaleponS DE TOUWg results To Way Prepore dele vuuge report showing Valles vetween vuugeteu anu au results Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 950...

In 2008, the population of China was 1.3 billion and real GDP (in purchasing power parity prices) was $4.4 trillion. In the same year, the population of India was 1.2 billion and real GDP (in...

Create a Python solution to the following task. Ensure that the solution produces output in exactly the same format shown in the sample(s) below, including capitalization and whitespace. Task: Create...

1. Describe the following boolean expression: X Y.

Which of the following are true if EOQ assumptions are met? the annual ordering cost is the same as the annual holding cost half the EOQ will be the same as the average inventory all of these are...

7. How can an interpreter influence the utterer (sender)?

9. Find a news article in a daily newspaper written by a journalist. How is this news article related to: (a) The writers expertise? (b) The context? (c) The personal characteristics of the writer?...

8. How can an interpreter influence the message?