Question
Anticipated unit sales for January are 5,000; sales for February are 4,000; and sales for March are 8,000. Finished goods are consistently maintained at 80%
Anticipated unit sales for January are 5,000; sales for February are 4,000; and sales for March are 8,000. Finished goods are consistently maintained at 80% of the following month's sales. If units cost $10 each to produce, how much is February's total cost of production? I understand the answer is $72,000 but I don't understand how to get that number, can you please show me how to get to that.
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Intermediate Accounting 2014 FASB Update
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
15th edition
978-1118938782, 111893878X, 978-1118985311, 1118985311, 978-1118562185, 1118562186, 978-1118147290
