Thomas Cycles manufactures chainless bicycles. On March 31, Thomas Cycles had 200 bikes in inventory.
The company's policy is that the ending inventory in any month must be 20% of the following month's
expected sales. Thomas Cycles expects to sell the following number of bikes in each of next four months:
is
April
May
June
July
1,000 bikes
1,100 bikes
1,300 bikes
1,300 bikes
Prepare a production budget for the second quarter, with a column for each month and for the quarter.
April
May
June
Quarter