FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Benet Company has budgeted the following unit sales:
Quarter
1
2
3
2019
4
Units
105,000
60,000
75,000
120,000
2020
Quarter
1
Units
90,000
The finished goods inventory on hand on December 31, 2018 was 21,000 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quarter's anticipated sales.
Prepare a production budget for 2019.
BENET COMPANY
Production Budget
For the Year Ended December 31, 2019
2
Quarter
3
4
Total
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