FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Truck Inc. makes one product. Budgeted unit sales are shown below:
Budgeted unit sales.
July
10,100
August
8,600
September
9,100
October
13,600
The company is preparing a production budget for the 3rdst quarter. The ending finished goods inventory should equal 20% of the
following month's unit sales. The inventory at the end of June was 7,100 units.
Required: Prepare a production budget by month and in total for the third quarter.
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Transcribed Image Text:Truck Inc. makes one product. Budgeted unit sales are shown below: Budgeted unit sales. July 10,100 August 8,600 September 9,100 October 13,600 The company is preparing a production budget for the 3rdst quarter. The ending finished goods inventory should equal 20% of the following month's unit sales. The inventory at the end of June was 7,100 units. Required: Prepare a production budget by month and in total for the third quarter. View keyboard shortcuts
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