The following forecasted sales pertain to Micah Company:
Collection pattern:
60% in month of sale
40% in month following the sale
The company has a selling price of $10 per unit and expects to maintain ending inventories equal to 20% of the next month's sales.How many units are expected to be produced in April?
A) 21,000 units
B) 19,000 units
C) 25,000 units
D) 20,000 units
Correct Answer:
Verified
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