Based on the following production and sales data of Jackson Co. for March of the current year. Product T Product X Estimated inventory, March 1 26,000 units 18,000 units Desired inventory, March 31 32,000 units 15,000 units Expected sales volume: Area I 320,000 units 260,000 units Area II 190,000 units 130,000 units Unit sales price $4 $12 a. Prepare Sales budget. Jackson Co. Sales Budget For Month Ending March 31, 20XX Product and Area Unit Sales Volume Unit Selling Price Total Sales Product T: Area I $ $ Area II Total $ Product X: Area I $ $ Area II Total $ Total revenue from sales $ b. Prepare a production budget. Jackson Co. Production Budget For Month Ending March 31, 20XX Product T (units) Product X (units) Sales Plus desired ending inventory, March 31, 20XX Total Less estimated beginning inventory, March 1, 20XX Total production
Based on the following production and sales data of Jackson Co. for March of the current year. Product T Product X Estimated inventory, March 1 26,000 units 18,000 units Desired inventory, March 31 32,000 units 15,000 units Expected sales volume: Area I 320,000 units 260,000 units Area II 190,000 units 130,000 units Unit sales price $4 $12 a. Prepare Sales budget. Jackson Co. Sales Budget For Month Ending March 31, 20XX Product and Area Unit Sales Volume Unit Selling Price Total Sales Product T: Area I $ $ Area II Total $ Product X: Area I $ $ Area II Total $ Total revenue from sales $ b. Prepare a production budget. Jackson Co. Production Budget For Month Ending March 31, 20XX Product T (units) Product X (units) Sales Plus desired ending inventory, March 31, 20XX Total Less estimated beginning inventory, March 1, 20XX Total production
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter20: Accounting For Inventory
Section: Chapter Questions
Problem 3AP
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Based on the following production and sales data of Jackson Co. for March of the current year.
Product T Product X Estimated inventory, March 1 26,000 units 18,000 units Desired inventory, March 31 32,000 units 15,000 units Expected sales volume: Area I 320,000 units 260,000 units Area II 190,000 units 130,000 units Unit sales price $4 $12 a. Prepare Sales budget.
Jackson Co. Sales Budget For Month Ending March 31, 20XX Product and Area Unit Sales Volume Unit Selling Price Total Sales Product T: Area I $ $ Area II Total $ Product X: Area I $ $ Area II Total $ Total revenue from sales $ b. Prepare a production budget.
Jackson Co. Production Budget For Month Ending March 31, 20XX Product T (units) Product X (units) Sales Plus desired ending inventory, March 31, 20XX Total Less estimated beginning inventory, March 1, 20XX Total production
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