Question
Claire Inc. predicts sales of 4,000 frames in May & 14,000 units in June. Target end of month finished-goods inventory is 10% of next months
Claire Inc. predicts sales of 4,000 frames in May & 14,000 units in June.
Target end of month finished-goods inventory is 10% of next months sales.
The company wants RM ending inventory to cover 20% of next months needs.
The frames each require 2 pieces of trim to manufacture and each trim costs $3 per piece. The frames also require three hours of labor. The direct labor rate is $10 per hour.
What is the target Ending Finished Goods Inventory for May?
What was Beginning Finished Goods Inventory for May?
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Practical Steps To Forensic Auditing And Fraud Investigation
Authors: Enape Victoria Ayishetu
1st Edition
1669867048, 978-1669867043
