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Determine the Nicola required production budget

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Reference no: EM133018988

Question - Nicola Elkins Company expects sales volume to be 3000 units in the first quarter of year 2017, with 500- unit increases in each succeeding quarter. Nicola Co. believes it can meet future sales requirement by maintaining an ending inventory equal to 20% of the next quarter's budgeted sales volume. The ending desired ending finished goods balance is 1000 units and the beginning finished goods balance is 700 units. Determine the Nicola required production budget for Quarter 3?

Reference no: EM133018988

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