A company's budgeted sales in units for the next three months follow. The company wants to maintain ending finished goods inventory at 50% of next month's sales in units. The company has finished goods inventory of 2,160 units on May 31. July August Budgeted sales units 6,820 3,820 Prepare the production budget for each month of June and July. Production Budget Desired ending inventory units Total required units Units to produce June 4,320 June 0 July 0

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It…

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future…