Question - The budgeted sales of the Tar Heels for the first seven months of 2013 are:
Month - Unit Sales
January 190,000
February 220,000
March 260,000
April 270,000
May 240,000
June 300,000
July 265,000
Beginning inventory for 2014 is 68,000 units. The budgeted inventory at the end of each month is 40 percent of units to be sold the following month.
Required: Prepare a budget in units only for each month, January through June.