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Company’s Production Budget Assignment | Top Universities

Question 1. (production budget) The following table presents Generic Motors Company’s production budget. GM’s inventory policy is to have an ending inventory equal to 10% of next month’s sales.

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February March April
Ending inventory 4,500
Beginning inventory 4,500
Budgeted sales 13,000 17,000 15,000
Budgeted production

Required:
(a) Fill in the missing numbers in the table above.
(Hint if you get stuck: What is the relation between ending inventory for one month and beginning inventory for the following month?)Get Accounting Homework Help Today

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