Elementary Inc. had sales of 133,500 units in June. The financial manager estimates a 10% increase...

Transcribed Image Text:

Elementary Inc. had sales of 133,500 units in June. The financial manager estimates a 10% increase of sales units in July and plans to maintain 22% of the expected sales for July in ending inventory. Beginning inventory for July was equal to 24,030 units. How many units should be produced for July? Blank 1: Based on the above information, how many units is Elementary Inc. expected to sell in July? (Enter plain number without $ or comma; full number - no digits) Blank 2: How many units should Elementary Inc. produce in July? (Enter plain number without $ or comma; full number - no digits) Blank # 1 Blank # 2 Elementary Inc. had sales of 133,500 units in June. The financial manager estimates a 10% increase of sales units in July and plans to maintain 22% of the expected sales for July in ending inventory. Beginning inventory for July was equal to 24,030 units. How many units should be produced for July? Blank 1: Based on the above information, how many units is Elementary Inc. expected to sell in July? (Enter plain number without $ or comma; full number - no digits) Blank 2: How many units should Elementary Inc. produce in July? (Enter plain number without $ or comma; full number - no digits) Blank # 1 Blank # 2

Answer rating: 100% (QA)

To calculate the number of units expected to be sold in July we first need to determine the ending i... View the full answer