Question

System Announcements CALCULATOR PRINTER VERSION BACK NEXT RCES Exercise 5-11 Joshua Hill, Coronado & Hill Fabricators' production manager, has just received the company's sales budget for the first quarter. January February March April May June 5,000 9.750 3.750 7.250 23,000 20,000 Company policy requires an ending finished goods inventory each month that will meet 5% of the following month's sales volume. Joshua plans to have 1,400 finished bricks at a cost of $12,250 in inventory at the beginning of the year. Prepare Coronado & Hill's production budget for the first quarter. (Round answers to decimal places, e.g. 5,275.) January February March Quarter Budgeted unit sales 5.000 9.750 Study Budgeted ending inventory Total units required Beginning inventory Budgeted production Click if you would like to Show Work for this question: Qen Show Wo LINK TO TEXT VIDEO: SIMILAR EXERCISE By accessing this Question Assistance, you will learn while you can points based on the Point Potential Policy set by your instructor. Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER

Answer 1

	January	February	March	Quarter
Budgeted unit sales	5000	9750	8750	23500
Budgeted Ending inventory	488	438	363	363
Total units required	5488	10188	9113	23863
Beginning inventory	1400	488	438	1400
Budgeted production	4088	9700	8675	22463
Workings:
Budgeted Ending inventory:
January	488	=9750*5%
February	438	=8750*5%
March	363	=7250*5%