Please provide the correct values for the two incorrect cells, highlighted in red.Thanks. Down Under Products, Limited, of Australia has budgeted sales of its popular boomerang for the next four months as follows:AprilMayJuneJulyUnit Sales72,00085,000112,00091,000The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 20% of the following month's unit sales. The inventory at the end of March was 14,400 units.Required:Prepare a production budget by month and in total, for the second quarter.> Answer is complete but not entirely correct.Down Under Products, Limited,Production BudgetAprilBudgeted unit salesAdd: Desired units of ending finished goods inventoryTotal needsLess: Units of beginning finished goods inventoryRequired production in units72,00017,00089,00014,40074,6003May85,000✔22,400✔107,40017,00090,400June112,000✔18,200✔130,20022,400107,800Quarter269,000✔57,600 X326,60053,800 X272,800

Production budget is based on Budgeted Sales units and beginning and ending inventories of finished…

April May June July Unit Sales 72,000 85,000 112,000 91,000 he company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- onth inventory levels must equal 20% of the following month's unit sales. The inventory at the end of March was 14,400 units. equired: repare a production budget by month and in total, for the second quarter.

April May June July Unit Sales 72,000 85,000 112,000 91,000 he company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- onth inventory levels must equal 20% of the following month's unit sales. The inventory at the end of March was 14,400 units. equired: repare a production budget by month and in total, for the second quarter.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 15E: Palmgren Company produces consumer products. The sales budget for four months of the year is...

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