Micro Corporation has budgeted sales for its microchips for next four months
Total manufacturing cost incurred during November 2022………..1,610,000
Unit sold
April 20,000
May 25,000
June 35,000
July 40,000
The company is prepared the production budget for the third quarter. Ending inventory level must equal 20% of the next month sales.
Task 1 calculate the ending inventory as of march 31
Task 2 calculate production budget for the third quarter by month and in total