Wheeling Company produces and sells bikes. It expects to sell 20,000 bikes in April 2016 and had 1,200 bikes in finished goods inventory at the end of March 2016. Wheeling Company would like to complete operations in April with at least 1,500 completed bikes in inventory. The bikes sell for $100 each. What would be the total sales for April 2016?
A) $1,150,000
B) $1,850,000
C) $2,000,000
D) $1,730,000

Question

Quizplus · Accepted Answer

The total sales for April 2016 would be calculated by multiplying the expected sales of 20,000 bikes by the selling price of $100 each, resulting in $2,000,000.

Wheeling Company Produces and Sells Bikes