Chico company facture, Quizzes of Accounting

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Chico Company estimates that unit sales will be 10,000 in quarter1; 12,000 in quarter2; 14,000 in quarter3; and 15,000 in quarter4. Using a sales price of $50 per unit, prepare the sales budget, by Quarters, for the year ending December 31. Sales Budget Chico Company For the Year Ending December 31, Quarter Year Qi [a2 [3 [04 Total Expected Unit Sales Unit Selling Price Total Sales a _ Zz Sales budget data for the Chico Company are given in the above example. Management desire to gha¥e an ending finished goods inventory equal to 20% of the next quarters’ expected unit sales. Prepare a production budget by quarter for the first 6 months. Chico Company Production Budget For the Six Months Ending June 30, Quarter Six Months Ly 2 Total Expected Unit Sales Add: Desired Ending Finished goods Total required Units * Less: Beginning Finished goods Inventory Required Production Units -