Essay
Grantham Manufacturing Company makes oak rocking chairs.Budgeted sales are 20,000 for July, 25,000 for August, 28,000 for September and 30,000 for October.Grantham maintains an ending inventory equal to 10% of the current month's sales.Ending inventory at June 30th was 3,000.
Required:
Prepare a production budget for the 3rd quarter ending September 30.
Correct Answer:
Verified
Correct Answer:
Verified
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