Question
Harris, Inc., has budgeted sales in units for the next five months as follows: June ........................ 9,400 units July ........................ 7,800 units August ................... 7,300
Harris, Inc., has budgeted sales in units for the next five months as follows:
June
........................
9,400 units
July
........................
7,800 units
August
...................
7,300 units
September
..............
5,400 units
October
..................
4,100 units
Past experience has shown that the ending inventory for each month should be equal to 20%
of the next month's sales in units. The inventory on May 31 contained 1,880 units. The
company needs to prepare production budget for the next five months.
The beginning inventory for September should be:
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