Question
Gordon Food Processing expects to have 20,000 units of finished goods inventory on hand on March 31 and reports the following expected sales (in units)
Gordon Food Processing expects to have 20,000 units of finished goods inventory on hand on March 31 and reports the following expected sales (in units) for the first four months: April 120,000
May 140,000
June 150,000
July 120,000
At the end of each month the company desires its finished goods ending inventory to be 20% of the next month's projected sales (in units).The budgeted production (in units) for Gordon Food Processing for April should be:
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Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
