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16 Miley predicts sales of 4041 units in May & 7445 units in June. Target end of month finished-goods inventory is 10% of next month's
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Miley predicts sales of 4041 units in May \& 7445 units in June. Target end of month finished-goods inventory is 10% of next month's sales. The company wants Raw Materials ending inventory to cover 20% of next month's needs. The units each require 2 pieces of trim to manufacture and each trim costs $3 per piece. The units also require 2 hours of labor. The direct labor rate is $11 per hour. What was Beginning Finished Goods Inventory in units for May? Round ONLY your final answer to the nearest whole unit and enter as a positive number (no sign). Do NOT round any intermediate calculations. Hint:The beginning inventory of May would equal the of which would have been determined per company requirementsStep by Step Solution
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