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Ewuarbena & Co Manufacturing Ltd have budgeted to sell these quantities of its products, Chocomix, for the coming months in 2020: January - 160,000 sachets; February - 240,000 sachets; March - 200,000 sachets; April - 400,000 sachets; and May - 150,000 sachets. The company expects to sell each sachet for GHS20. The company has decided that to avoid losing customers arising from production hold-ups it would like to maintain a finished goods inventory in the future equal to one-fifth of the following month's budgeted sales. At the beginning of January 2020, the company had finished goods inventory of 10,000 sachets.
Question 1: What is total budgeted sales and production for the 2020 1st quarter ended (January - March 2020)? (show all workings clearly)
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