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Excellent Company manufactures lamps. The estimated number of lamp sales for three months are as follows: Month Sales August 18,000 September 16,000 October 15,000 Finished
Excellent Company manufactures lamps. The estimated number of lamp sales for three months are as follows: Month Sales August 18,000 September 16,000 October 15,000 Finished goods inventory at the end of July was 3.600 units. Ending finished goods inventory is budgeted as 30% of the next month's sales. Excellent expects to sell the lamps for $30 each. In November, sales are projected at 18,000 lamps. How many lamps should be produced in August? O 13,000 lamps O 20,500 lamps 19,200 lamps O 15.700 lamps
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