Question
Penny Ltd is a new business and is expecting the following sales. The policy is to hold closing finished goods inventory equivalent to 30% of
Penny Ltd is a new business and is expecting the following sales.
The policy is to hold closing finished goods inventory equivalent to 30% of the next months sales.
| Units | May | June | July | August |
| Sales | 2000 | 2200 | 2300 | 2500 |
Calculate production for the months May, June and July.
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The Board Of Directors And Audit Committee Guide To Fiduciary Responsibilities Ten Critical Steps To Protecting Yourself And Your Organization
Authors: Sheila Moran CPA CFE, Ronald Kral CPA CMA
1st Edition
0814431666, 978-0814431665
