Question
Flex-Tite manufactures plastic parts. The inventory policy at Flex-Tite is to hold inventory equal to 120% of the average monthly sales for its main product.
Flex-Tite manufactures plastic parts. The inventory policy at Flex-Tite is to hold inventory equal to 120% of the average monthly sales for its main product. Sales for the following year are expected to be 840,000 units. Based on the inventory policy, the budget calls for the production of 850,000 units.
Required:
What is the beginning inventory of the component? (Do not round intermediate calculations.)
beginning inventory in units:
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Fundamentals Of Information Risk Management Auditing An Introduction For Managers And Auditors
Authors: Chris Wright
1st Edition
978-1849288156
