Gyro Inc. produces small medical appliances, including AFO. The sales budget for the third quarter of the
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Gyro Inc. produces small medical appliances, including AFO. The sales budget for the third quarter of the fiscal year for the panini grill is as follows: Unit sales July 325,000 August 344,500 September 318,500 October's predicted sales are 299,000 units. Gyro has had a policy of maintaining an ending inventory of 20% of next month's sales. At the beginning of July, the inventory of AFO was 65,000 grills. As a result of predicted lower sales at the end of the quarter, Gyro has decided that inventory needs to be only 10% of next month's sales. Based on this information, how many units are budgeted to be produced in the month of September?
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
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