Question
Olympia Productions, Inc., makes award medallions that are attached to ribbons. Each medallion requires 18 inches of ribbon. The sales forecast for February is 2,400
| Olympia Productions, Inc., makes award medallions that are attached to ribbons. Each medallion requires 18 inches of ribbon. The sales forecast for February is 2,400 medallions. Estimated beginning inventories and desired ending inventories for February are: (Assume 18 inches=0.5 yards) |
| Estimated Beginning Inventory | Desired Ending Inventory | |||||
| Medallions | 1,000 | 770 | ||||
| Ribbon (yards) | 80 | 24 |
| Required: |
| a. | Calculate the number of medallions to be produced in February. |
| b. | Calculate the number of yards of ribbon to be purchased in February. |
|
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
5th Canadian edition
1259269868, 978-1259269868
