| (c) |
Prepare a production budget in units, by month and in total, for the fourth quarter of 2010. (Amounts to be deducted should be indicated with minus sign.) |
| October | November | December | Total | |
| Beginning inventory of finished goods | ||||
| Units to be produced | ||||
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| Goods available for sale | ||||
| Desired ending inventory of finished goods (30% of next month’s budgeted sales) |
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| Quantity of goods sold | ||||
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| (d) |
Prepare a materials purchases budget in pounds, by month and in total, for the fourth quarter of 2010.(Amounts to be deducted should be indicated with minus sign.) |
| October | November | December | Total | |
| Beginning inventory of raw materials | ||||
| Purchases of raw materials | ||||
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| Raw materials available for use | ||||
| Desired ending inventory of raw materials (40% of next month’s estimated usage) |
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| Quantity of raw materials to be used in production |
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