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Hike n' Run Company has decided to produce 288,000 pairs of socks at a uniform rate throughout 2015. The sales

department of Hike n' Run has estimated sales for 2015 according to the following schedule: 


Sales of Pairs of Socks 

First quarter 76,800 

Second quarter 62,400 

Third quarter 72,000 

Fourth quarter 100,800 


Total for 2015 312,000 


Assume the December 31, 2014, inventory is estimated to be 38,400 pairs of socks. Do a schedule of planned sales and production for the first two quarters of 2015. 

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Ending inventory in quarter 1... View the full answer

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