Grantham Manufacturing Company makes oak rocking chairs.Budgeted sales are 20,000 for July,25,000 for August,28,000 for September and 30,000 for October.Grantham maintains an ending inventory equal to 10% of the current month's sales.Ending inventory at June 30^th was 3,000.
Required
Prepare a production budget for the 3^rd quarter ending September 30.

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The Answer of Grantham Manufacturing Company makes oak rocking chairs.Budgeted sales are 20,000 for July,25,000 for August,28,000 for September and 30,000 for October.Grantham maintains an ending inventory equal to 10% of the current month's sales.Ending inventory at June 30^th was 3,000. Required Prepare a production budget for the 3^rd quarter ending September 30.

Grantham Manufacturing Company Makes Oak Rocking Chairs