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Marigold, Inc. makes and sells a single product, buckets. It takes 40 ounces of plastic to make one bucket. Budgeted production of buckets for the
Marigold, Inc. makes and sells a single product, buckets. It takes 40 ounces of plastic to make one bucket. Budgeted production of buckets for the next three months is as follows: August 91000 units, September 76000 units, October 64000 units. The company wants to maintain monthly ending inventories of plastic equal to 10% of the following month's production needs. On August 31, 198000 ounces of plastic were on hand. The cost of plastic is $0.05 per gram. How much is the ending inventory of plastic to be reported on the company's balance sheet at September 30? $12800 $256000 $15200 $7600 Vaughn Company's sales budget showed expected sales of 13480 widgets. Beginning finished goods contained 1110 widgets. The company determined that 14120 units should be produced. How many widgets will the company have on hand at the end of the year? 1110 640 470 1750
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