On January 1 2020 The Hardin Company Budget Committee Has Reached Agreement On The Following Data For The 6 Months End 1 (24.78 KiB) Viewed 43 times
On January 1 2020 The Hardin Company Budget Committee Has Reached Agreement On The Following Data For The 6 Months End 2 (27.17 KiB) Viewed 43 times
On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales units: First quarter 5,100; second quarter 6,000; third quarter 7,400. 40% of the next quarter's production requirements. Ending raw materials inventory: Ending finished goods inventory: 25% of the next quarter's expected sales units. Third-quarter production: 7.650 units. The ending raw materials and finished goods inventories at December 31, 2019, follow the same percentage relationships to production and sales that occur in 2020, 4 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $5 per pound.
Expected Unit Sales. Add Desired Ending Finished Goods Unit Total Required Units Less: Beginning Finished Goods Unit Required Production Units HARDIN COMPANY Production Budget For the Six Months Ending June 30, 2020 Quarter 1 5100 2 6000 1000 S Mor
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