Palmgren Company produces consumer products. The sales budget for four months of the year is...
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Palmgren Company produces consumer products. The sales budget for four months of the year is presented below. July August September Unit Sales 32,500 33,700 38,000 36,000 Dollar Sales $975,000 1,061,550 1,197,000 1,141,200 October Company policy requires that ending inventories for each month be 25 percent of next month's sales. At the beginning of July, the beginning inventory of consumer products met that policy. Required: Prepare a production budget for the third quarter of the year. Show the number of units that should be produced each month as well as for the quarter in total. Palmgren Company Production Budget For the Third Quarter July August September Total Unit sales Total needed Units produced
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