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ACCOUNTING HOMEWORK HELP! Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017...

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Accounting

ACCOUNTING HOMEWORK HELP!

Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales forecast is as follows.

Quarter

HD-240
1 5,300
2 7,300
3 8,460
4 10,270

The January 1, 2017, inventory of HD-240 is 2,120 units. Management desires an ending inventory each quarter equal to 40% of the next quarters sales. Sales in the first quarter of 2018 are expected to be 25% higher than sales in the same quarter in 2017. Prepare quarterly production budgets for each quarter and in total for 2017.

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