Use the following information for the next 2 questions.
Ray Company's projected sales budget for the next four months is as follows: Beginning inventory for the year is 27,000 units. Ending inventory for each month should be 30% of the next month's sales.
-How many units need to be available for sale in February?
A) 90,000
B) 106,500
C) 73,500
D) 117,000

Question

Use the following information for the next 2 questions.
Ray Company's projected sales budget for the next four months is as follows:  Beginning inventory for the year is 27,000 units. Ending inventory for each month should be 30% of the next month's sales.
-How many units need to be available for sale in February?
A) 90,000 
B) 106,500 
C) 73,500 
D) 117,000

Quizplus · Accepted Answer

The correct answer is 106,500 units, which is the total number of units that need to be available for sale in February.

Use the Following Information for the Next 2 Questions