If budgeted beginning inventory is $8,000,budgeted ending inventory is $9,400,and budgeted cost of goods sold is $10,260,budgeted production should be
A) $1,400
B) $9,600
C) $11,660
D) $11,550

Question

Quizplus · Accepted Answer

Budgeted production is calculated as: Beginning Inventory + Production - Ending Inventory = Cost of Goods Sold. Rearranging gives Production = Cost of Goods Sold + Ending Inventory - Beginning Inventory = $10,260 + $9,400 - $8,000 = $11,660.

If Budgeted Beginning Inventory Is $8,000,budgeted Ending Inventory Is $9,400,and