Question

XO Manufacturing's sales budget showed the following projections, by quarter, for the next six quarters: Quarter  ...

XO Manufacturing's sales budget showed the following projections, by quarter, for the next six quarters:

Quarter   1st 2021   2nd 2021   3rd 2021 4th 2021   1st 2022   2nd 2022

Units       10,000       12,000       14,000     16,000       12,000       14,000

Inventory on December 31 of 2020 is expected to be 1,000 units.

The quantity of finished goods inventory at the end of each quarter is to equal

10%of the next quarter's budgeted units to be sold.

Required: Prepare a Production Budget for XO for 2021 showing each quarter and the year.

Business   Accounting   
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