Exercise 5-11
Joshua Hill, Swifty & Hill Fabricators' production manager, has just received the company's sales budget for the first quarter.
January February March April May June
11,800 23,010 20,650 17,110 23,000 20,000
Company policy requires an ending finished goods inventory each month that will meet 12% of the following month's sales volume. Joshua plans to have
3,304 finished bricks at a cost of $28,910 in inventory at the beginning of the year.
Prepare Swifty & Hill's production budget for the first quarter. (Round answers to 0 decimal places, e.g. 5,275.)
January February March Quarter