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MMLU / Grant Co.'s sales budget shows the following projections for the year ending…

Problem

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question

Grant Co.'s sales budget shows the following projections for the year ending December 31: Quarter Units First 30000 Second 40000 Third 22500 Fourth 27500 Total 120000 Inventory at the beginning of the year was budgeted at 9000 units. The quantity of finished goods inventory at the end of each quarter is to equal 30% of the next quarter's budgeted sales of units. What amount should the production budget show for units to be produced during the first quarter?

choices

  1. 36000
  2. 33000
  3. 24000
  4. 12000

subject

professional_accounting

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