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Deacon Inc. produces leather handbags. The production budget for the next four months is: July 5,710...

Deacon Inc. produces leather handbags. The production budget for the next four months is: July 5,710 units, August 6,760, September 7,510, October 8,750. Each handbag requires 0.4 square meters of leather. Deacon Inc.’s leather inventory policy is 20% of next month’s production needs. If the leather policy is met, what will the July 31 inventory be?

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Answer #1

Production requirement needs in August = 6760*.40 = 2704 square meters of leather

July 31 Inventory = 2704*20% = 540.80 square meter of leather

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