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Jolly Company has budgeted sales of 20,000 units for June and 25,000 units for July. Jolly's policy is to maintain its finished goods inventory at
Jolly Company has budgeted sales of 20,000 units for June and 25,000 units for July. Jolly's policy is to maintain its finished goods inventory at 20% of the following months sales. Accordingly, at the end of May, Jolly had 4,000 units on hand. How many units must it produce in June in order to support the sales goal and maintain its policy regarding finished goods inventory?
21,000
23,500
24,600
25,000
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