The management of Jewel Company plans to have a finished goods inventory at the end of each month equal to 10% of the next month's sales. Budgeted sales in units over the next three months are 60,000 in October, 100,000 in November, and 120,000 in December. Budgeted Sales for January is 120,000. The beginning finished goods inventory for October is 60,000. REQUIRED: Compute for budgeted number of units to be produced in October, November and December. Use the template below: October November December Budgeted unit sales Add desired ending finished goods inventory Total needs Less beginning finished goods inventory Required production in units

The management of Jewel Company plans to have a finished goods inventory at the end of each month equal to 10% of the next month's sales. Budgeted sales in units over the next three months are 60,000 in October, 100,000 in November, and 120,000 in December. Budgeted Sales for January is 120,000. The beginning finished goods inventory for October is 60,000. REQUIRED: Compute for budgeted number of units to be produced in October, November and December. Use the template below: October November December Budgeted unit sales Add desired ending finished goods inventory Total needs Less beginning finished goods inventory Required production in units

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 1E: The sales department of Macro Manufacturing Co. has forecast sales for its single product to be...

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