Homework Answers
1. Sales are given monthly basis we have to convert it into yearly sales.
| Particulars | units | selling price | Total revenue |
| 12 ounce bottles | 4920000 | $0.40 | $1968000 |
| 1 gallon container | 1560000 | $1.90 | $2964000 |
| $4932000 |
2.
| Particulars | Units of bottles |
| Budgeted sales | 4920000 |
| Add required closing inventory | 700000 |
| Less opening inventory | (990000) |
| Required production | 4630000 |
3. Opening inventory = sales + closing - production
= 1560000 + 240000 -1400000
= 400000 units
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