On September 30 of Year 1, Endothon Company had finished goods inventory of 1,000 units. Starting in October, Endothon intends to have an inventory policy of maintaining ending inventory at the end of every month equal to the next two months’ sales. For example, the ending inventory at the end of October should be equal to forecasted sales in November plus forecasted sales in December. Forecasted sales for the months October, Year 1, through January, Year 2, are as follows: October: 2,300 units November: 3,000 units December: 1,000 units January: 700 units 

What is the amount of budgeted production for October? 

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To determine the amount of budgeted production for October we need to calculate the desired ending i... View the full answer