Homework Answers
| CHAMP INC. |
| Production Budget |
| For month ended May 31 |
| Next month's budgeted sales (units) (a) | 230 |
| Percentage of inventory of future sales (b) | 60% |
| Budgeted ending inventory (units) (a) x (b) | 138 |
| Add: budgeted sales for the months (units) | 230 |
| Required units of available production | 368 |
| Less: beginning Inventory | 138 |
| Units to be produced | 230 |
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April
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inventory equal to 20% of next month's forecasted sales. Finished
goods inventory on April 1 is 110 units.
Prepare a production budget for the months of April, May, and
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