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Production Budget Mountain High makes and sells specialty mountain bikes. On June 30, the company had 50 bikes in finished-goods inventory. The company's policy is
Production Budget
Mountain High makes and sells specialty mountain bikes. On June 30, the company had 50 bikes in finished-goods inventory. The company's policy is to maintain a bike inventory of 5 percent of the next months sales. The company expects the following sales activity for the third quarter of the year:
July | 1,2000 bikes |
August | 1,000 bikes |
September | 900 bikes |
What is the projected production for August?
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