New Energy Incorporated has a beginning inventory balance on January 1 of 23,500 units and wants an ending balance of 20% of next month's sales. If sales are expected to be 26,500 for January and 33,500 for February, what is the ending balance on January 31? New Energy Incorporated has a beginning inventory balance on January 1 of 23,500 units and wants an ending balance of 20% of next month's sales. If sales are expected to be 26,500 for January and 33,500 for February, what is the ending balance on January 31?

Answer rating: 100% (QA)

Solution To calculate the ending balance on January 31 we need to follow these steps Calculate the d... View the full answer