Question: Exercise 13-27 Estimate Inventory Levels Using Production Budgets (LO 13-4) Flex-Tite manufactures plastic parts. The inventory policy at Flex-Tite is to hold inventory equal to

Exercise 13-27 Estimate Inventory Levels Using Production Budgets (LO 13-4) Flex-Tite

Exercise 13-27 Estimate Inventory Levels Using Production Budgets (LO 13-4) Flex-Tite manufactures plastic parts. The inventory policy at Flex-Tite is to hold inventory equal to 131% of the average monthly sales for its main product. Sales for the following year are expected to be 906,000 units. Based on the inventory policy, the budget calls for the production of 916,000 units. Required: What is the beginning inventory of the component? (Do not round intermediate calculations.) Beginning inventory in units

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