Osprey Cycles, Inc. projected sales of 75,000 bicycles for the year. The estimated January 1 inventory is 5,000 units, and the desired December 31 inventory is 8,000 units. What is the budgeted production (in units) for the year?

Budgeted Production

An estimate of the quantity of goods or services that an organization plans to produce over a specific period based on forecasted sales demand.

Projected Sales

Estimated revenue that a company expects to generate from goods or services in a future period.

Inventory Units

The individual items or quantities of product a company has available for sale or use in production at any given time.