Christine Wilson_ACG 3341-1_Individual_Week 6

Christine Wilson_ACG 3341-1_Individual_Week 6 - ACG 3341-1...

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Christine Wilson ACG 3341-1 Individual Assignment Week 6
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Exercise 6-17 : Sales and production budget The McKnight Company expects sales in 2015 of 208,000 units of serving trays. McKnight’s beginning inventory for 2015 is 18,000 trays, and its target ending inventory is 27,000 trays. Compute the number of trays budgeted for production in 2015. Budgeted sales (trays in units) 208,000 Add: target ending-finished goods inventory 27,000 Total required units 235,000 Less: beginning finished goods inventory 18,000 Units left to be produced 217,000 Exercise 6-18 : Direct materials budget Inglenook Co. produces wine. The company expects to produce 2,500,000 two-liter bottles of Chablis in 2015. Inglenook purchases empty glass bottles from an outside vendor. Its target ending inventory of such bottles is 80,000; its beginning inventory is 50,000. For simplicity, ignore breakage. Compute the number of bottles to be purchased in 2015. Direct materials to be used in production 2,500,00 0 Add: target ending-finished goods inventory 80,000 Total required units 2,580,00 0 Less: beginning direct materials inventory 50,000
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