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Innovative Inc. budgets 250,000 pair of flip flops sales in January. Desired ending inventory for each month is 5% of the following months budgeted sales.
Innovative Inc. budgets 250,000 pair of flip flops sales in January. Desired ending inventory for each month is 5% of the following months budgeted sales. Assume budgeted unit sales increases by 15% every month and that all units placed into production are completed during the month. If Innovative Inc.'s ending inventory in December conforms to the desired ending inventory, how many pair of flip flops must be produced to meet budgeted unit sales for January?
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