Homework Help Forum: Cost Accounting

Posted by Jessi on Saturday, November 7, 2009 at 11:19am.

Katherine Company's Sales Budget Has The Following Unit Sales Projection For Each Quarter Of The Calendar Year 2009. January -March 540,000 April-June 680,000 July-September 490,000 October-December 550,000 Total 2,260,000 Sales for the first quarter of 2010 are expected to be 600,000 units. Ending Inventory of finished goods for each quarter is scheduled to equal 5 percent of next quarter's budgeted sales The company is expected to be in compliance with this policy as of December 312008. Develop a quarterly production budget for 2009 and for the year in total. 1.Prepare the beginning inventory for the first 2.Prepare the budgeted beginning inventory for the second - fourth quarters 3.Prepare the budgeted production for each quarter 4.Prepare the budgeted production for the year Please show the step thank you very much

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