>> Accounting Basics
Friden Company has budgeted sales and production over the next quarter as follows:
- April May June
- Sales in Units 100,000 120,000 ??
- Production in Units 104,000 128,000 156,000
The company has 20,000 units of product on hand at April 1. A minimum of 20% of the next month's sales needs in units must be on hand at the end of each month. July sales are expected to be 140,000 units. Budgeted sales for June would be?