Bandage supply corporation manufactures and sells bandages. expected sales of bandages (in boxes) for the upcoming months are as follows:
January ....$18,000
Feb ..........$20,000
March ......$25000
April ...... $19,000
May ..........$15,000
June ...... $12,000
July ..........$17,500
Management likes to maintain a finished goods inventory equal to 25% of the next months estimated sales. January's ending inventory matched the desired goal
Required:
Prepare the company's production budget for the third quarter of this year (the months of Feb, March, and April) in good form. Include a column for each month and total column for the entire quarter.