Aqua-pro Inc. produces submersible water pumps for ponds and cisterns. The unit sales for selected...
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Accounting
Aqua-pro Inc. produces submersible water pumps for ponds and cisterns. The unit sales for selected months of the year are as follows:
Unit Sales
April
189,000
May
231,000
June
210,000
July
252,000
Company policy requires that ending inventories for each month be 25% of next month's sales. However, at the beginning of April, due to greater sales in March than anticipated, the beginning inventory of water pumps is only 21,000.
Required:
Prepare a production budget for the second quarter of the year. Show the number of units that should be produced each month as well as for the quarter in total.
Aqua-pro Inc.
Production Budget
For the Second Quarter
April
May
June
Total
Sales
fill in the blank 1
fill in the blank 2
fill in the blank 3
fill in the blank 4
Desired ending inventory
fill in the blank 5
fill in the blank 6
fill in the blank 7
fill in the blank 8
Total needs
fill in the blank 9
fill in the blank 10
fill in the blank 11
fill in the blank 12
Less: Beginning inventory
fill in the blank 13
fill in the blank 14
fill in the blank 15
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Units produced
fill in the blank 17
fill in the blank 18
fill in the blank 19
fill in the blank 20
Answer & Explanation
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