Exercise 21-4 Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales...
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Exercise 21-4 Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales forecast is as follows Quarter HD-240 7,150 8,320 10,190 4 The January 1, 2017, inventory of HD-240 is 2,080 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's 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, TURNEY COMPANY Production Budget For the Quarter Ended December 31, 2017 Product HD-240 Quarter 2 4 Expected Unit Sales Add : Desired Ending Finished Goods Unit Total Required Units Less Beginning Finished Goods Unit Required Production Units
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