Chapter 12 Extra Credit 3. The managerial accountant at the Chesapeake Bay Circuit Manufacturing Company expects to sell 120,000 circuits in 2013 for $12 each. There are 5,000 circuits in beginning finished goods inventory with target ending inventory of $5,000 circuits. The company keeps no work-in-process inventory. Required Compute the amount of sales revenue reported on the 2013 budgeted income statement. A) $1,000,000 B) $1,200,200 C) $1,440,000 D) $1,300,400 E) $1,600,200 4. The Sherry Point Light Foundation has budgeted sales of 45,000 units, target ending finished goods inventory of 8,000 units, and beginning finished goods inventory of 3,000 units. Required Compute the number of units that the manager expects to produce next year. A) 25,000 units B) 30,000 units C) 35,000 units D) 45,000 units E) 50,000 units FOR DECIS MEAC 6300) CREDIT EXER WEEK #6