sales in units are july 30,000, august 44,000, September 63,000, October 47,000 the company is now...
sales in units are july 30,000, august 44,000, September 63,000, October 47,000
the company is now in the process of preparing a production budget for the third quarter. past experience has shown that end of month finished good inventories must equal 15% of the next months sales. the inventory at the end of june was 4,500 units. the desired ending inventory for july is?
Homework Answers
Answer
- The desired ending inventory for July = 15% of August’s
budgeted sale
= 15% of 44000 units
= 6,600 units = ANSWER
- This is because the instruction says that past experience shows that ending inventory is usually 15% OF NEXT month’s sale.
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sales in units are july 30,000, august 44,000, September 63,000,
October 47,000
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