question archive The following forecasted sales pertain to Arrow Corporation:MonthSalesSeptember$160,000October200,000November120,000December80,000Collection pattern: 75 percent in month of sale; 25 percent in month following saleAccounts Receivable (August 31): $28,000Finished Goods Inventory (August 31): 30,000Arrow Corporation has a selling price of $10 per unit and expects to maintain ending inventories equal to 30 percent of the next month’s sales
The following forecasted sales pertain to Arrow Corporation:MonthSalesSeptember$160,000October200,000November120,000December80,000Collection pattern: 75 percent in month of sale; 25 percent in month following saleAccounts Receivable (August 31): $28,000Finished Goods Inventory (August 31): 30,000Arrow Corporation has a selling price of $10 per unit and expects to maintain ending inventories equal to 30 percent of the next month’s sales
Subject:AccountingPrice: Bought3
The following forecasted sales pertain to Arrow Corporation:MonthSalesSeptember$160,000October200,000November120,000December80,000Collection pattern: 75 percent in month of sale; 25 percent in month following saleAccounts Receivable (August 31): $28,000Finished Goods Inventory (August 31): 30,000Arrow Corporation has a selling price of $10 per unit and expects to maintain ending inventories equal to 30 percent of the next month’s sales. Calculate the budgeted beginning balance in units for finished goods inventory on November 1?
