The Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were: January - 200,000 units; February - 180,000 units; March - 210,000 units; and April - 230,000 units. The Cardinal Company wishes to maintain a desired ending finished goods inventory of 20% of the following months sales.
What is the budgeted units of inventory for March 31?
A) 46,000
B) 36,000
C) cannot be determined from the data given
D) 42,000
Correct Answer:
Verified
Q92: Q103: If the expected sales volume for the Q109: Production and sales estimates for June are Q110: The Cardinal Company had a finished goods Q110: An October sales forecast projects 7,000 units Q112: Below is budgeted production and sales information Q113: Production and sales estimates for April are Q116: The Cardinal Company had a finished goods Q119: If the expected sales volume for the Q151: Next year's sales forecast shows that 20,000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents