Joshua Hill, Bates & Hill Fabricators' production manager, has just received the company's sales budget...
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Joshua Hill, Bates & Hill Fabricators' production manager, has just received the company's sales budget for the first quarter. Budgeted units sold Budgeted sales price Budgeted revenue January February March Quarter 25,000 28,000 32,000 85,000 $21 $21 $21 $21 $525,000 $588,000 $672,000 $1,785,000 Budgeted sales of April is 34,000. Company policy requires an ending finished goods inventory each month that will meet 20% of the following month's sales volume. Joshua plans to have 3,200 finished bricks at a cost of $49,280 in inventory at the beginning of the year. Prepare Bates & Hill's production budget for the first quarter. January February March =
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