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Paige Company estimates that unit sales will be 10,500 in quarter 1, 12,700 in quarter 2, 14,400 in quarter 3, and 18,800 in quarter 4. Management desires to have an ending finished goods inventory equal to 24% of the next quarter’s expected uniPAIGE COMPANY Production Budget Quarter Six Monthst sales. Prepare a production budget by quarters for the first 6 months of 2017.

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Answer #1
PAIGE COMPANY
Production Budget
For the six months ended June 30, 2017
Quarter
1 2 Six months
Expected unit sales 10500 12700
Add : Desired ending finished goods inventory 3048 3456
Total required units 13548 16156
Less : Beginning finished goods inventory 2520 3048
Required production units 11028 13108 24136
Note : Beginning inventory of Quarter 1 of 2017 = Ending inventory of Quarter 4 of 2016 = 24% * Expected unit sales of Quarter 1 of 2017 = 24% * 10500    2520
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