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Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2008 sales budget is as...

Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2008 sales budget is as follows.
Quarter HD-240
1 5,500
2 7,100
3 8,200
4 10,270


The January 1, 2020, inventory of HD-240 is 2,200 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020.

Prepare quarterly production budgets for each quarter and in total for 2020.

TURNEY COMPANY
Production Budget
For the Year Ending December 31, 2020

Product HD-240
Quarter

1
2
3
4
Year

Expected unit salesDesired end. finished goods unitsBeg. finished goods units
Add: Desired end. finished goods unitsExpected unit salesBeg. finished goods units




Total required units
Less: Beg. finished goods unitsExpected unit salesDesired end. finished goods units




Required production units

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