Production Budget Palmgren Company produces consumer products. The sales budget for four months of the...
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Production Budget Palmgren Company produces consumer products. The sales budget for four months of the year is presented below Unit Sales July August September October Company policy requires that ending inventories for each month be 20 percent of next month's sales. At the beginning of July, the beginning inventory of consumer products met that policy 30,000 35,000 39,500 36,500 Dollar Sales $990,000 1,064,100 1,197,000 1,141,800 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
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