Woodlawn Company has prepared the following forecasts of monthly sales:
$$\begin{array} { | l | c | c | c | c | }
\hline & \text { January } & \text { February } & \text { March } & \text { April } \
\hline \text { Sales (in units) } & 3,200 & 4,790 & 3,700 & 3,210 \
\hline
\end{array}$$ 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:
 $$\begin{array} { | l | c | c | c | c | } 
\hline & \text { January } & \text { February } & \text { March } & \text { April } \
\hline \text { Sales (in units) } & 3,200 & 4,790 & 3,700 & 3,210 \
\hline
\end{array}$$ 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:
 $$\begin{array} { | l | c | c | c | c | } 
\hline & \text { January } & \text { February } & \text { March } & \text { April } \
\hline \text { Sales (in units) } & 3,200 & 4,790 & 3,700 & 3,210 \
\hline
\end{array}$$ 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