Willow Products expects the following sales of its single product: 
Willow Products desires an ending finished goods inventory to be equal to 30% of the next month's sales needs. Actual March 1 inventory is projected to be 1,300 units.
Required:
Prepare a production budget for Willow Products for as many months as is possible.
Definitions:
FICA Taxes
Taxes designed to provide workers with supplemental retirement, employment disability, and medical benefits.
Employee Earnings
The total amount of money paid to an employee by an employer, including wages, salaries, bonuses, and commissions.
Compensation
Payment or benefits provided to employees in exchange for their work or services.
Accrue a Liability
The process of recognizing liabilities that have been incurred but not yet paid or recorded in the financial statements.
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