Question
6. Reyes Merchandising Company has created the following sales forecast for the beginning of the upcoming fiscal year: Budgeted unit sales January 15,400 February 18,500
6. Reyes Merchandising Company has created the following sales forecast for the beginning of the upcoming fiscal year:
Budgeted unit sales
January 15,400
February 18,500
March 16,200
April 17,600
The company expects to start the year with 1,970 units in merchandise inventory. Management desires an ending merchandise inventory in each month equal to 15% of next months budgeted unit sales. How many units of merchandise does Reyes expect to purchase for March? a. 18,840 b. 16,410 c. 16,200 d. 18,155
Can you please explain in detail how you calculate the January, Feb and March amount and where did you get the purchases amount from?
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