June July August September October expects the Units 6,060 6,560 7,260 7,860 8,860 Tigle pro Required Gertrude has an ending finished goods inventory policy of 10% of the next month's sales needs. Each unit requires 5 pounds of Chemical A and 14 pounds of Chemical B. July 1 materials inventory includes 8,600 pounds of Chemical A and 76,000 pounds of Chemical B. Gertrude desires to maintain a Chemical A inventory equal to 20% of next month's production needs and a Chemical inventory equal to 100% of next month's production needs. a. Prepare a production budget for Gertrude Products for the quarter ending September 30. Budgeted unit sales Plus: Ending finished goods inventory Less: Beginning finished goods inventory Budgeted production (units) Gertrude Products Production Budget For the Quarter Ending September 30 July August 6,560 726 7,260 786 September 7,860 886 Total

June July August September October expects the Units 6,060 6,560 7,260 7,860 8,860 Tigle pro Required Gertrude has an ending finished goods inventory policy of 10% of the next month's sales needs. Each unit requires 5 pounds of Chemical A and 14 pounds of Chemical B. July 1 materials inventory includes 8,600 pounds of Chemical A and 76,000 pounds of Chemical B. Gertrude desires to maintain a Chemical A inventory equal to 20% of next month's production needs and a Chemical inventory equal to 100% of next month's production needs. a. Prepare a production budget for Gertrude Products for the quarter ending September 30. Budgeted unit sales Plus: Ending finished goods inventory Less: Beginning finished goods inventory Budgeted production (units) Gertrude Products Production Budget For the Quarter Ending September 30 July August 6,560 726 7,260 786 September 7,860 886 Total

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Description: If able to can you please show me the steps on how you got the answer? Problem 8-109 (Algo) [LO 8-3b, 8-3c]Gertrude Products expects the following sales of its single product:JuneJulyAugustSeptemberOctoberUnits6,0606,5607,2607,8608,860RequiredGertrud

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter18: The Management Of Accounts Receivable And Inventories

Section: Chapter Questions

Problem 20P

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