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Asian Lamp Company manufactures lamps. The estimated numbers of lamp sales for the last three months for the current year are as follows: Month
Asian Lamp Company manufactures lamps. The estimated numbers of lamp sales for the last three months for the current year are as follows: Month October November December Sales 10,000 14,000 13,000 Finished goods inventory at the end of September was 3,000 units. Ending finished goods inventory is budgeted to equal 25% of the next month's sales. Asian Lamp expects to sell the lamps for $25 each. January sales is projected at 16,000 lamps. What is the expected sales revenue for December? Oa. $250,000 Ob. $325,000 Oc. $100,000 Od. $350,000
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