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Prepare a production budget by quarter

Question:

Zeller Company estimates that 2012 unit sales will be 18,000 in quarter 1, 24,000 in quarter 2, and 30,000 in quarter 3, at a unit selling price of $20. Management desires to have ending finished goods inventory equal to 10% of the next quarter's expected unit sales.

Prepare a production budget by quarter for the first 6 months of 2012.

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Accounting Basics: Prepare a production budget by quarter

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