Nano, Inc. is preparing its budget for the second quarter. The following sales data have been forecasted:

Question:

Nano, Inc. is preparing its budget for the second quarter. The following sales data have been forecasted:
April May June July August
Unit sales..... 640 720 780 620 660
Additional information follows:
Inventory on March 31: 192 units
Desired each month:30% of next month’s sales
How many units should be purchased in April, May, and June? How many units should be purchased in the second quarter in total?

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...