Gorberchev Food Processing expects to have 31,000 units of finished goods inventory on hand on March 31
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Question:
Gorberchev Food Processing expects to have 31,000 units of finished goods inventory on hand on March 31 and reports the following expected sales (in units) for the months of April through July:
April | 131,000 |
May | 151,000 |
June | 158,000 |
July | 128,000 |
At the end of each month the company desires its ending finished goods inventory to be 25% of the next month's projected sales (in units).
The budgeted production (in units) for Gorberchev Food Processing for April should be:
Multiple Choice
119,000.
128,000.
137,375.
137,000.
149,000.
Related Book For
Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
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