Solved: Sales in the first quarter of 2015 are expected to be 25, Financial Accounting

Sales in the first quarter of 2015 are expected to be 25

Question 1:

Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2014 sales forecast is as follows.

Quarter		HD-240
1		5,300
2		7,370
3		8,400
4		10,200

The January 1, 2014, inventory of HD-240 is 2,120 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2015 are expected to be 25% higher than sales in the same quarter in 2014.

Prepare quarterly production budgets for each quarter and in total for 2014.

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Financial Accounting: Sales in the first quarter of 2015 are expected to be 25

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Financial Accounting: Sales in the first quarter of 2015 are expected to be 25

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