Question

AAACompany has estimated the following for the year 2019 for one of its products. (i) Sales...

AAACompany has estimated the following for the year 2019 for one of its products.

(i) Sales Estimations

First Quarter

Second Quarter

Third Quarter

Fourth Quarter

Expected Sales (Units)

1,000

1,100

1,200

1,300

Selling Price

$ 25

$ 25

$ 25

$ 25

(ii) Inventory estimations

  • Beginning inventory for first quarter: 200 units
  • The company desires to have an ending inventory each quarter equal to 30% of the next quarter’s sales.
  • The first quarter’s sales for the following year 2020 is expected to be 1,700 units.

Required:

Prepare the Sales Budget andthe Production Budget for 2019.                                    

Business   Accounting   
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Answer #1

The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.

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