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Feedee Company has budgeted sales and production (in units) over the next three ...
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Feedee Company has budgeted sales and production (in units) over the next three months as follows:
| January | February | March |
Sales | 50 000 | ? | 80 000 |
Production | 52 000 | 64 000 | 78 000 |
There are 10 000 units on hand on January 1. A minimum of 20 per cent of the next month's sales in units must be on hand at the end of each month. April sales are expected to be 70 000. Budgeted sales for February would be?
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