number of units sold = Beginning inventory+production -ending invnetory | ||||||||
production | Sales | Ending | beginning | |||||
inventory | inventory | |||||||
775 | 675 | 150 | 50 | |||||
750 | 800 | 90 | 140 | |||||
710 | 670 | 140 | 100 | |||||
900 | 1,325 | 195 | 620 | |||||
780 | 715 | 225 | 160 | |||||
800 | 800 | 270 | 270 | |||||
E8-4 (Algo) Calculating Unknowns Based on Production, Sales, Beginning and Ending Inventory Values (LO 8-3b) Comple...
Complete the following table:
E8-4 Calculating Unknowns Based on Production, Sales, Beginning and Ending Inventory Values [LO 8-3b] Complete the following table: (Enter all values as positive values.) Production Beginning Inventory NUMBER OF UNITS Ending Sales Inventory 450 175 80 690 1,325 255 800 310 110 825 800 925 750 845 80 95 140
Complete the following table: (Enter all values as positive values.) Production NUMBER OF UNITS Sales Ending Inventory 425 100 to Beginning Inventory 75 650 130 710 740 90 925 1,275 95 780 165 170 785 775 270
E8-21 (Algo) Preparing Production and Direct Materials Purchases Budgets [LO 8-3b] Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 380, 360, 432, 392, and 460 respectively. Required: 1. The company's policy for ending finished goods is 25 percent of next quarter's sales. Prepare a production budget for the first quarter. 2. The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materials to be 20 percent...
E8-21 (Algo) Preparing Production and Direct Materials Purchases Budgets (LO 8-3b] Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 540, 520, 592,552, and 620 respectively. Required: 1. The company's policy for ending finished goods is 25 percent of next quarter's sales. Prepare a production budget for the first quarter. 2. The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materials to be 20 percent of...
E8-21 (Algo) Preparing Production and Direct Materials Purchases Budgets [LO 8-3b] Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 540, 520, 592, 552, and 620 respectively. Required: 1. The company's policy for ending finished goods is 25 percent of next quarter's sales. Prepare a production budget for the first quarter. 2. The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materials to be 20 percent...
E8-11 (Algo) Calculating Cash Receipts [LO 8-4]Shadee Corp. expects to sell 630 sun visors in May and 370 in June. Each visor sells for $13. Shadee’s beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 65 units. It expects the following unit sales for the third quarter: July530August450September450 Sixty percent of Shadee’s sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 39 percent...
E8-17 (Algo) Calculating Cash Receipts [LO 8-4] McFarland Company makes 70 percent of its sales in cash. Credit sales are collected as follows: 70 percent in the month of sale and 30 percent in the month following the sale. McFarland's budgeted sales for upcoming months follow: June July August September $ 24, 200 42,000 40,000 38,000 Required: Compute McFarland's expected cash receipts for August. Budgeted Cash Receipts $ 40,000
Complete the following table: (Enter all values as positive values.) Production NUMBER OF UNITS Sales Ending Inventory 575 100 Beginning Inventory 100 625 701 135 8701 825 690 1,125 70 735 165 190 800 815 270|
Complete the following table: (Enter all values as positive values.) Production 150 110 900 700 NUMBER OF UNITS Ending Beginning Sales Inventory Inventory 650 100 100 730 1,100 95 210 130 800 3151 950 690 800
E8-11 Calculating Cash Receipts [LO 8-4) Shadee Corpoxpects to sell 650 sun visors in May and 440 in June. Each visor sols for $12. Shadee's beginning and ending finished goods inventories for May are 85 and 50 units respectively Ending finished goods inventory for June will be 60 units. It expects the following unit sales for the third quarter August September 450 Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month...