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Connor Company produces speaker systems for cars. Estimated sales (in units) in January are 38,385; in February 36,068; and in March 37,347. Each unit
Connor Company produces speaker systems for cars. Estimated sales (in units) in January are 38,385; in February 36,068; and in March 37,347. Each unit is priced at $53. Connor wants to have 23% of the following month's sales in ending inventory. That requirement was met on January 1. Each speaker system requires 3 boxes and 15 yards of wire. Boxes cost $4 each and wire is $0.60 per yard. Connor wants to have 20% of the following month's production needs in ending raw materials inventory. On January 1, Connor had 28,115 boxes and 54,126 yards of wire in inventory. What is Connor's expected sales revenue for February?
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