Ending Finished Goods Inventory Budget: Learning Objective of the article: Define and explain ending finished goods inventory budget. Prepare a manufacturing overhead budget. After preparing sales budget, production budget, direct materials budget, direct labor budget, and manufacturing overhead budget the management has all the
Inventory Budget for Hampton Freeze
At Hampton Freeze, management believes that an ending inventory equal to 20% of the next quarter’s sales strikes the appropriate balance. Example contains the production budget for Hampton Freeze.