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Clapton Company's sales budget shows the following projections for the year ending December 31, 2017:
Quarters GuitarsFirst (Jan -March) 30,000Second (April - June) 40,000Third (July - Sept) 22,500Fourth (Oct - Dec) 27,500Total 120,000First Quarter 2018 34,500
Question 1: Inventory at December 31, 2016 was budgeted at 6000 guitars. The quantity of finished goods inventory at the end of each quarter is to equal 20 percent of the next quarter's budgeted unit sales. How much should the production budget show for units to be produced for each quarter in 2017?
Question 2: How many budgeted units would be produced in the 2nd quarter (April-June)?
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