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Prepare the company production budget for the third quarter

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Reference no: EM132830936

Basim Supply Corporation manufactures and sells cotton gauze. Expected sales of gauze (in boxes) for upcoming months are as follows:

July--------------32,000
August --------40,000
September---33,000
October--------36,000

Management likes to maintain a finished goods inventory equal to 10% of the next month's estimated sales. The inventory at the end of june was 3,200 units.

Required:

Problem 1: Prepare the company's production budget for the third quarter of this year (the months of July, August and September). Include a column for each month and a total column for the entire quarter.

Reference no: EM132830936

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