A company has the following budgeted sales: Sales in Units 3,490 3,880 4,560 4,180 3,960 Finished goods inventory: the company will have 50 percent of the next period's sales on hand at the end of each period. Direct materials cost $2.60 per pound, and each unit requires 2 pounds. Direct materials inventory: the company will have 50 percent of the next period's production needs on hand at the end of each period. Direct materials on hand at the beginning of the year is 3,685 pounds. Required: Complete this question by entering your answers in the tabs below. Month Jan Feb Mar Apr May Required 1 Required 2 Determine budgeted production for January, February, and March. Note: Do not round your intermediate calculations and round your final answers to the nearest whole number. Budgeted Production (Units) Jan Feb < Required 1 Mar Required 2 >

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A company has the following budgeted sales:
Sales in
Units
3,490
3,880
4,560
4,180
3,960
Finished goods inventory: the company will have 50 percent of the next period's sales on hand at the end of each period.
Direct materials cost $2.60 per pound, and each unit requires 2 pounds.
Direct materials inventory: the company will have 50 percent of the next period's production needs on hand at the end of each period.
Direct materials on hand at the beginning of the year is 3,685 pounds.
Required:
Complete this question by entering your answers in the tabs below.
Month
Jan
Feb
Mar
Apr
May
Required 1 Required 2
Determine budgeted production for January, February, and March.
Note: Do not round your intermediate calculations and round your final answers to the nearest whole number.
Budgeted Production (Units)
Jan
Feb
< Required 1
Mar
Required 2 >
Transcribed Image Text:A company has the following budgeted sales: Sales in Units 3,490 3,880 4,560 4,180 3,960 Finished goods inventory: the company will have 50 percent of the next period's sales on hand at the end of each period. Direct materials cost $2.60 per pound, and each unit requires 2 pounds. Direct materials inventory: the company will have 50 percent of the next period's production needs on hand at the end of each period. Direct materials on hand at the beginning of the year is 3,685 pounds. Required: Complete this question by entering your answers in the tabs below. Month Jan Feb Mar Apr May Required 1 Required 2 Determine budgeted production for January, February, and March. Note: Do not round your intermediate calculations and round your final answers to the nearest whole number. Budgeted Production (Units) Jan Feb < Required 1 Mar Required 2 >
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