For next year, Iverson Company has budgeted sales of 30,000 units, target ending finished goods inventory of 1,000 units, and a beginning finished goods inventory of 800 units. All other inventories are zero. should be produced.

Question

Quizplus · Accepted Answer

To calculate the number of units to be produced, use the formula: Budgeted Sales + Target Ending Inventory - Beginning Inventory. Thus, 30,000 + 1,000 - 800 = 30,200 units.

For Next Year, Iverson Company Has Budgeted Sales of 30,000