question archive Part B: (14 marks) The company's policy is to maintain a finished goods inventory equal to (50%) of the following month's sales
Part B: (14 marks) The company's policy is to maintain a finished goods inventory equal to (50%) of the following month's sales
Subject:BusinessPrice: Bought3
Part B: (14 marks) 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 January February March Sales in units 10,000 8,000 12,000 Add: units of ending inventory 4,000 Desired total units 14,000 Less: desired units of beginning inventory 2 ? ? Total production units 9,000 ? ? ? ? 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
