Tyler Co. predicts the following unit sales for the next four months: April, 3,500 units; May, 4,500 units; June, 6,200 units; and July, 2,400

Tyler Co. predicts the following unit sales for the next four months: April, 3,500 units; May, 4,500 units; June, 6,200 units; and July, 2,400 units. The company’s policy is to maintain finished goods inventory equal to 20% of the next month’s sales. At the end of March, the company had 800 finished units on hand. Prepare a production budget for each of the months of April, May, and June.

On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed

On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,390 in assets to launch the business. On October 31, the company’s records show the following items and amounts.

    

Cash	$	12,670		Cash dividends	$	2,000
Accounts receivable		13,320		Consulting revenues		13,320
Office supplies		2,720		Rent expense		2,950
Land		45,910		Salaries expense		6,290
Office equipment		17,350		Telephone expense		830
Accounts payable		7,970		Miscellaneous expenses		640
Common stock		83,390

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