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detailed explanation see answer in green. Lots of steps please with working MANAGEMENT...

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Accounting

imagedetailed explanation see answer in green. Lots of steps please with working

MANAGEMENT ACCOUNTING Mark attempt BUDGETING - ADVANCED INVENTORY MANAGEMENT Pat LaFontaine Pty Ltd has budgeted sales for the coming months as follows: Create new question January February March April May 320,000 420,000 450,000 260,000 310,000 Pat wants to avoid losing customers because of production hold-ups. In future, the company will maintain a finished goods inventory on hand equal to one-quarter (25%) of the following month's budgeted sales. At 31 December the company had finished goods stock of 10,000 units. REQUIRED: 1 : What is Pat's total budgeted production for the three months Jan, Feb, March ? 1,245,000 units

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