The TS Corporation has budgeted sales for the year as follows: The ending inventory of finished goods

Question:

The TS Corporation has budgeted sales for the year as follows:

The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. Four pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 4,200 pounds. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs in material.
What is scheduled production for third quarter?

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...