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Markham Corporation has experienced a number of out-of-stock situations with respect to its finished-goods inventories. Inventory at the end of May, for example, was only
Markham Corporation has experienced a number of out-of-stock situations with respect to its finished-goods inventories. Inventory at the end of May, for example, was only 75 unitsan all-time low. Management desires to implement a policy whereby finished-goods inventory is 75% of the following month's sales. Budgeted sales for June, July, and August are expected to be 7,000 units, 7,600 units, and 7,500 units, respectively.
Required:
Determine the number of units that Markham must produce in June and July.
June:
July:
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