Lint Company has provided the following information: Budgeted unit sales: Januar

Question

Lint Company has provided the following information: Budgeted unit sales: January 200,000 February 220,000 March 215,000 April 225,000 Lint Company plans on maintaining ending inventory levels equal to 30% of the following month's unit sales. Fill in the amounts for the quarter ending March 31, 2018: You must enter your answers in the following format: x,xxx Budgeted unit sales Blank 1 Desired units of ending finished goods inventory Blank 2 Total needs Blank 3 Units of beginning finished goods inventory Blank 4 Required production in units Blank 5

Explanation / Answer

Production budget :

January February March quarter Budgeted unit sales 200000 220000 215000 635000 Add: Desired units of ending finished goods inventory 66000 64500 67500 67500 Total needs 266000 284500 282500 702500 Less: Units of beginning finished goods inventory (60000) (66000) (64500) (60000) Required production in units 206000 218500 218000 642500

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