At the beginning of the year, Lakeview Corporation has 690 life vests in inventory. The company wants to have 2300 vests in inventory at the end of the year and plans to sell 6100 life vests during the year. How many life vests must Lakeview Corporation produce during the year?

Question

Quizplus · Accepted Answer

To find out how many life vests must be produced, we need to find the total number of vests needed (beginning inventory + desired ending inventory + expected sales) and then subtract the beginning inventory.

Total vests needed = 690 + 2300 + 6100 = 9090
Number of vests to produce = Total vests needed - Beginning inventory = 9090 - 690 = 8400

Therefore, the correct choice is C (7710).

At the Beginning of the Year, Lakeview Corporation Has 690