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Question 6 of 9 < > View Policies Current Attempt in Progress Pharoah Ltd. estimates sales for the second quarter of 2022 will be
Question 6 of 9 < > View Policies Current Attempt in Progress Pharoah Ltd. estimates sales for the second quarter of 2022 will be as follows. Month Units April 2,840 May 2,940 June 2,710 The target ending inventory of finished products is as follows. March 31 2.240 April 30 2.420 May 31 2,400 June 30 2,650 -/2.5 E Two units of materials are required for each unit of finished product. Production for July is estimated at 2,960 units to start building inventory for the fall sales period. Pharoah's policy is to have an inventory of raw materials at the end of each month equal to 50% of the following month's production requirements.
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