Marlow Company produces hand tools. A production budget for the next four months is as follows: March 10,300 units, Apri...
Marlow Company produces hand tools. A production budget for the next four months is as follows: March 10,300 units, April 13,300, May 16,500, and June 21,800. Marlow Company’s ending finished goods inventory policy is 10% of the following month’s sales. Marlow plans to sell 16,000 units in May. How many units must be sold in April?
Homework Answers
Units sold in April:-
Let X be the units sold
Ending Inventory in April = Beginning Inventory in April + Units Produced - Units sold in April
(16000 units * 10%) = (0.1X) + 13300 units - X
1600 units = 13300 units - 0.9X
X = 11700/0.9 = 13000 units
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Marlow Company produces hand tools. A production budget for the next four months is as follows: March 10,300 units, Apri...
Marlow Company produces hand tools. A production budget for the next four months is as follows:...
Marlow Company produces hand tools. A production budget for the next four months is as follows: March 10,300 units, April 13,300, May 16,500, and June 21,800. Marlow Company's ending finished goods inventory policy is 10 % of the following month's sales. Meadow plans to sell 16,000 units in May How many units will be sold in April? Multiple Choice 13,000 12,380 13.570 13,620 Skylark has forecast production for the next three months as follows: July 4,900 units, August 6,600 units,...
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