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Galvin Production is beginning the budgeting process for 2017

Management

Galvin Production is beginning the budgeting process for 2017. The sales forecast for the first three months of 2017 in units follows:

January. 10,000

February14,000

March12,000

 

The company desires to have 10% of the next month's anticipated unit sales in inventory at the end of a month. December's ending inventory reflects this policy. April's sales are budgeted at 15,000 units.

 

a production budget in good form for February. Omit the heading.

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