The company's policy is to maintain a finished goods inventory equal to (50%) of the following...
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The company's policy is to maintain a finished goods inventory equal to (50%) of the following month's sales. Sales of 14,000 units are budgeted for April. Statements Sales in units Add: units of ending inventory Desired total units Less: desired units of beginning inventory Total production units Instructions: (2 marks each) Find the following items (show your calculations) 1. The units of ending inventory in February. 2. The units of ending inventory in March. 3. The units of beginning inventory in January. 4. The units of beginning inventory in February. 5. The units of beginning inventory in March. 6. The total production units in February. 7. The total production units in March. January 10,000 4,000 14,000 ? 9,000 February 8,000 ? ? ? March 12,000 ? ? ? The company's policy is to maintain a finished goods inventory equal to (50%) of the following month's sales. Sales of 14,000 units are budgeted for April. Statements Sales in units Add: units of ending inventory Desired total units Less: desired units of beginning inventory Total production units Instructions: (2 marks each) Find the following items (show your calculations) 1. The units of ending inventory in February. 2. The units of ending inventory in March. 3. The units of beginning inventory in January. 4. The units of beginning inventory in February. 5. The units of beginning inventory in March. 6. The total production units in February. 7. The total production units in March. January 10,000 4,000 14,000 ? 9,000 February 8,000 ? ? ? March 12,000 ? ? ?
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