Woodlawn Company has prepared the following forecasts of monthly sales:

Woodlawn Company has decided that the number of units in its inventory at the end of each month should equal 80% of next month's sales.The budgeted cost per unit is $10.
How many units should be in January's beginning inventory?

Question

Woodlawn Company has prepared the following forecasts of monthly sales:
  
Woodlawn Company has decided that the number of units in its inventory at the end of each month should equal 80% of next month's sales.The budgeted cost per unit is $10.
How many units should be in January's beginning inventory?

Quizplus · Accepted Answer

The Answer of Woodlawn Company has prepared the following forecasts of monthly sales:
  
Woodlawn Company has decided that the number of units in its inventory at the end of each month should equal 80% of next month's sales.The budgeted cost per unit is $10.
How many units should be in January's beginning inventory?

Woodlawn Company Has Prepared the Following Forecasts of Monthly Sales