Champ, Inc., predicts the following sales in units for the coming three months: __________May June July Sales

Question:

Champ, Inc., predicts the following sales in units for the coming three months:

__________________May ______June ______July

Sales in units . . . . . . . . 180 ......... 200 ......... 240

Each month's ending inventory of finished units should be 60% of the next month's sales. The April 30 finished goods inventory is 108 units. Compute Champ's budgeted production (in units) for May.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...