Prepare production budget for third quarter as well

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Keep it Hot manufactures thermoses. On June 30 they had 1000 in inventory. Sell for $8.00. Company policy is to maintain inventory equal to 10% of next months sales. The company expects the following sales for the 3rd quarter of the year. July 7,000 units August 15,000 units and September 10,000 units. In addition October sales are expected to be 9,000 units. Prepare a sales budget for third quarter of the year and prepare a production budget for third quarter as well.

Reference no: EM131286571

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