Exercise 23-6 on Janusry 1, 2017, the Hardin Company reached ag Sales units: End

Question

Exercise 23-6 on Janusry 1, 2017, the Hardin Company reached ag Sales units: Ending raw materials inventory: 40% of the next quarter's production requirements Ending finished goods mventory: 25% of the next quarter's expected sales units Third-quarter production get committee has reached agreement on the following data for the 6 months ending June 30, 2017 First quarter S,800; second quarter 6,000; third quarter 7,300 7.840 units The ending raw materials and finished goods inventories at December 31, 2016, follow the same percentage r goods. Raw materials purchased are expected to cost $5 per pound elationships to production and sales that occur in 2017. 5 pounds of re red to ake ench unt of nouhed Prepare a productian budget by quarters for the 6-month peniod ended June 30, 2017 HARDIN COMPANY Production Budget Quarter

Explanation / Answer

Production Budget For the Six Months Ending June 30, 2017 1 2 Six months Expected Unit Sales 5800 6000 Add: Desired ending Finsihed goods units 1500 1825 Total Required Units 7300 7825 Less: Beginning Finished goods units 1450 1500 Required Production Units 5850 6325 12175

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