Question
Foremost Corporation manufactures boxes. The estimated numbers of boxes sold for the first three months of the current year are as follows: Month Sales January
Foremost Corporation manufactures boxes. The estimated numbers of boxes sold for the first three months of the current year are as follows:
Month | Sales |
January | 3,000 |
February | 4,200 |
March | 3,900 |
Finished goods inventory at the end of December was 900 units. Ending finished goods inventory is equal to 20% of the next month's sales. Foremost Corporation expects to sell the boxes for $5 each. April sales is projected at 4,500 boxes. What is the expected sales revenue for March?
a.$15,000
b.$19,500
c.$4,500
d.$21,000
How many boxes should be produced in February?
a.4,200 boxes
b.3,900 boxes
c.4,140 boxes
d.4,260 boxes
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