Can someone please help me create a production budget using the following information.
The sales department of Red Hawk Manufacturing Co. has forecast sales in March to be 20,000 units. Additional information follows:
Finished goods inventory, March 1 3000 units
Finsihed goods inventory required, March 31 1000 units
Materials used in production:
Inventory March 1 Inventory March 31 Standard Cost
A (one gallon per unit) 500 gal. 1000 gal. $2 per gal.
B (one pound per unit) 1000 lbs 1000 lbs $1 per lb.