Question - Hospitable Co provides the following sales forecast for the next four months:
|
|
April
|
May
|
June
|
July
|
|
Sales (units)
|
670
|
750
|
700
|
700
|
The company wants to end each month with ending finished goods inventory equal to 40% of next month's sales. Finished goods inventory on April 1 is 268 units. Assume July's budgeted production is 710 units.
Prepare a production budget for the months of April, May and June.