Benet company production budget | Accounting homework help

Benet Company has budgeted the following unit sales:

2013

 

2013

 

Quarter

 

Units

 

Quarter

 

Units

 

1

 

105,000

 

1

 

90,000

 

2

 

60,000

         

3

 

75,000

         

4

 

120,000

         


The finished goods inventory on hand on December 31, 2012 was 21,000 units. It is the company’s policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quarter’s anticipated sales.

Prepare a production budget for 2013.

 

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