Assignment Task: Grant Co.'s sales budget shows the following projections for the year ending December 31:
|
Quarter
|
Units
|
|
First
|
30,000
|
|
Second
|
40,000
|
|
Third
|
22,500
|
|
Fourth
|
27,500
|
|
Total
|
120,000
|
Inventory at the beginning of the year was budgeted at 9,000 units. The quantity of finished goods inventory at the end of each quarter is to equal 30% of the next quarter's budgeted sales of units.
Required: What amount should the production budget show for units to be produced during the first quarter?
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