Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is...
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Accounting
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows.
Quarter
HD-240
1
5,400
2
7,130
3
8,110
4
10,350
The January 1, 2020, inventory of HD-240 is 2,160 units. Management desires an ending inventory each quarter equal to 40% of the next quarters sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter and in total for 2020.
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