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Business, 13.12.2019 05:31 chris858232

Peanut-fresh inc. produces all-natural organic peanut butter. the peanut butter is sold in 12-ounce jars. the sales budget for the first four months of the year is as follows: unit sales dollar sales ($)january 48,000 100,800 february 46,000 96,600 march 55,000 121,000 april 58,000 125,200 company policy requires that ending inventories for each month be 20% of next month's sales. at the beginning of january, the inventory of peanut butter is 14,500 jars. each jar of peanut butter needs two raw materials: 24 ounces of peanuts and one jar. company policy requires that ending inventories of raw materials for each month be 10% of the next month's production needs. that policy was met on january 1.required: 1. prepare a production budget for the first quarter of the year. show the number of jars that should be produced each month as well as for the quarter in total.

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