Down Under Products, Limited of Australia has budgeted sales of its popular boomerang for the...
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Accounting
Down Under Products, Limited of Australia has budgeted sales of its popular boomerang for the next four months as follows:
Unit Sales
April
72,000
May
85,000
June
112,000
July
91,000
The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 20% of the following months unit sales. The inventory at the end of March was 14,400 units.
Required:
Prepare a production budget by month and in total, for the second quarter.
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