Abrams Bottling Company sells fruit-flavored colas. Estimated sales in cartons for May, June, and July are 1,000, 3,000, and 5,000, respectively. The price is forecast at $5 per carton. Abrams requires that finished goods ending inventory be 20 percent of the next month's sales. Inventory was 500 units on May 1. Each carton requires 12 oz. of fruit syrup and 130 oz. of carbonated water. Materials ending inventory is 10 percent of the next month's production needs. May 1 inventory met that requirement.
A. Budgeted revenue for May is$( )
B. Budgeted revenue for July is$( )
C. Production in May is ( )cartons
D. Production in June is ( )cartons
E. Purchases of syrup in May is ( )ounces
F. Purchases of carbonated water in May is ( )ounces
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Abrams Bottling Company sells fruit-flavored colas. Estimated sales in cartons for May, June, and Ju...
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