Yosko Company expects to sell 1,600 units of finished product in January and 2,0

Question

Yosko Company expects to sell 1,600 units of finished product in January and 2,000 units in February. The company has 280 units on hand on January 1 and desires to have an ending inventory equal to 40 % of the next month's sales. March sales are expected to be 2,120 units. Prepare Yosko 's production budget for January and February. Select the labels, enter the amounts and prepare the production budget for January. Then, prepare the production budget for February. Yosko Company Production Budget Two Months Ended January 31 and February, 28 January Budgeted units to be sold 1600 Plus: Desired units in ending inventory 2120 Total units needed 3720 Less: Units in beginning inventory Budgeted units to be produced

Select the labels, enter the amounts and prepare the production budget for January. Then, prepare the production budget for February. Yosko Company Production Budget Two Months Ended January 31 and February, 28 January Budgeted units to be sold Plus: Desired units in ending inventory Total units needed Less: Units in beginning inventory Budgeted units to be produced

Explanation / Answer

Yosko Company Production Budget For the Month of January January Budgeted Units to be Sold 1600 Plus: Desired Units in Ending Inventory 800 (40% of Feb Sales i.e. 2000) Total Units Needed 2400 Less: Units in Beginning Inventory 280 Budgeted Units to be Produced 2120 Yosko Company Production Budget For the Month of February February Budgeted Units to be Sold 2000 Plus: Desired Units in Ending Inventory 848 (40% of Mar Sales i.e. 2120) Total Units Needed 2848 Less: Units in Beginning Inventory 800 (Jan MonthEnding Inventory) Budgeted Units to be Produced 2048

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