Yogi Company expects to sell 1,850 units of finished product in January and 2,20
ID: 2555700 • Letter: Y
Question
Yogi Company expects to sell 1,850 units of finished product in January and 2,200 units in February. The company has 280 units on hand on January 1 and desires to have an ending inventory equal to 80% of the next month's sales. March sales are expected to be 2,250 units. Prepare Yogi'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 Yogi Company Production Budget Two Months Ended January 31 and February, 28 February Plus. Total units needed Less: Budgeted units to be producedExplanation / Answer
Yogi company
Production budget
Two months ended Jan & Feb
January
February
Sales
1,850
2,200
Add: Closing stock (Jan - 2,200*80%
Feb - 2,250*80%)
1,760
1,800
Total units needed
3,610
4,000
Less: Opening stock
(Feb - jan month closing I, e 1,760)
280
1,760
Budgeted units needs to be produced
3,330
2,240
Yogi company
Production budget
Two months ended Jan & Feb
January
February
Sales
1,850
2,200
Add: Closing stock (Jan - 2,200*80%
Feb - 2,250*80%)
1,760
1,800
Total units needed
3,610
4,000
Less: Opening stock
(Feb - jan month closing I, e 1,760)
280
1,760
Budgeted units needs to be produced
3,330
2,240
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