Prepare a production schedule an inventory schedule and


Assume you are starting a new business involving the manufacture and sale of a new product. Raw materials costs are $45 per product. Direct labor costs are expected to be $32 per product, Manufacturing Overhead is expected to cost $12 per product. You expect to sell each product for $135. You plan to produce 110 products next month and expect to sell 90 products. During the second month, you plan to produce 110 products but expect sales in the month to be 115 products. During the third month you expect to produce 120 products but sell 130 products Prepare a production schedule, an inventory schedule, and cost of goods sold schedule for the three months.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Prepare a production schedule an inventory schedule and
Reference No:- TGS02620933

Expected delivery within 24 Hours