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Show the number of drums that should be produced

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Reference no: EM132507505

Question 1: Preparing a Production Budget

Patrick Inc. makes industrial solvents. In the first 4 months of the coming year, Patrick expects the following unit sales:

January 41,000

February 38,000

March 50,000

April 51,000

Patrick's policy is to have 19% of next month's sales in ending inventory. On January 1, it is expected that there will be 4,550 drums of solvent on hand.

Required:

Question 2: Fill in production budget for the first quarter of the year. Show the number of drums that should be produced each month as well as for the quarter in total. If required, round your answers to the nearest whole unit.

Patrick Inc.

Production Budget

For the Coming Quarter

                                                       Jan.                       Feb.                      March                             1st qtr total

Sales                                    41000                    38000                    50000                     129000

Desired ending inventory                 7220                    9500                        9690

Total Needs                              48220                        47500                     59960

Less: Beginning inventory 4550 7220 9500

Units to be produced

Reference no: EM132507505

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