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Homework answers / question archive / The TS Company has budgeted sales for the year 2021 as follows: Quarter 1   Quarter 2 Quarter 3 Quarter 4 Total Sales in units 10,000 12,000 14,000 16,000 52,000 Selling price is 15$ per units

The TS Company has budgeted sales for the year 2021 as follows: Quarter 1   Quarter 2 Quarter 3 Quarter 4 Total Sales in units 10,000 12,000 14,000 16,000 52,000 Selling price is 15$ per units

Accounting

The TS Company has budgeted sales for the year 2021 as follows:

Quarter 1   Quarter 2 Quarter 3 Quarter 4 Total

Sales in units 10,000 12,000 14,000 16,000 52,000

Selling price is 15$ per units.The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 2,500 units and at the end of year is 4,500 units. Four kilograms of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 4,200 Kilograms and at the end of year is 4,700 Kilograms. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs in material. Prepare sales budget, production budget and raw materials budget.

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