Layne Cedar manufactures cedar chests. The estimated number of chests for the first three months of...
Layne Cedar manufactures cedar chests. The estimated number of
chests for the first three months of 2016 is as follows:
| Month | Sales |
| January | 10,000 |
| February | 14,000 |
| March | 13,000 |
Finished goods inventory at the end of December is 3,000 units.
Ending finished goods are equal to 30 percent of next month's
sales. April 2016 sales are expected to total 16,000 units.
How many chests should be budgeted to be produced in the first
quarter of 2016?
|
41,800 chests |
||
|
38,800 chests |
||
|
37,000 chests |
||
|
44,800 chests |
||
|
48,400 chests |
Homework Answers
Production Budget
|
January |
February |
March |
Quarter | |
|
Sales (units) |
10,000 |
14,000 |
13,000 |
37,000 |
|
+ Ending inventory of Finished Goods |
4,200 |
3,900 |
4,800 |
12,900 |
|
-Beginning inventory of Finished Goods |
- 3,000 |
-4,200 |
- 3,900 |
- 11,100 |
|
Production units |
11,200 |
13,700 |
13,900 |
38,800 |
Correct option is (b)
38,800 chests should be budgeted to be produced in the first quarter of 2016
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