Atlantic Surf manufactures surfboards. The company's budgeted sales units for the next three months is...
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Atlantic Surf manufactures surfboards. The company's budgeted sales units for the next three months is shown below. Company policy is to maintain finished goods inventory equal (in units) to 40% of the next month's unit sales. As of June 30, the company has 1,400 finished surfboards in inventory July August Budgeted sales units 3,500 6,800 Prepare the production budget for the months of July and August September 2,700 ATLANTIC SURF Production Budget July 3,500 August 6,800 Budgeted sales units Add: Desired ending inventory Desired ending Inventory units 3,500 6,800 Total required units Less: Beginning inventory units Units to be produced
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