Thurston Products sells a popular style of running shoe. The company has prepared the following sales...
Thurston Products sells a popular style of running shoe. The company has prepared the following sales forecast for the second quarter of 2010:
April 80 000 pairs
May 100 000 pairs
June 130 000 pairs
Ending inventory at 31 March 2010 was budgeted at 5000 pairs.
Management would like the desired quantity of finished goods
inventory at the end of each month to be equal to 6 per cent of
next month’s budgeted unit sales. July’s sales are projected to be
120 000 pairs.
Each completed unit of finished product requires 1.5 pounds of
rubber material at a cost of $.75 per pound. The company has
determined that it needs 10 per cent of next month’s raw material
needs on hand at the end of each month.
The total required production of running shoes for the second quarter of 2010 is:
|
312 200 pairs |
||
|
307 800 pairs |
||
|
323 600 pairs |
||
|
317 200 pairs |
Homework Answers
| April | May | Jun | |
| budgeted sale | 80,000 | 100,000 | 130,000 |
| Less: opening stock | 5,000 | 6,000 | 7,800 |
| Add: closing stock | 6,000 | 7,800 | 7,200 |
| Production | 81,000 | 101,800 | 129,400 |
Total production of second quarter = 312,200 pairs
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