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Frolic Corporation has budgeted sales and production over the next quarter as follows: July August September Sales in units 46,500 58,500 ? Production in units 47,050 58,800 63,150 The company has 5,300 units of product on hand at July 1. 10% of the next month's sales in units should be on hand at the end of each month. October sales are expected to be 78,000 units. Budgeted sales for September would be (in units):
Frolic Corporation has budgeted sales and production over the next quarter as follows: July August September Sales in units 46,500 58,500 ? Production in units 47,050 58,800 63,150 The company has 5,300 units of product on hand at July 1. 10% of the next month's sales in units should be on hand at the end of each month. October sales are expected to be 78,000 units. Budgeted sales for September would be (in units):
Answer:61,500 unitsExplanation:July August Septemberbudgeted sales 46,500 58,50061,500budgeted production 47,050 58,800 63,150beginning inventory 5,300 5,8506,150ending inventory 5,8506,1507,800ending inventory August = beginning inventory + budgeted production - budgeted sales = 5,850 + 58,800 - 58,500 = 6,150units sold during September = beginning inventory + budgeted production - ending inventory = 6,150 + 63,150 - 7,800 = 61,500...
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