Question
Rawlings Company has budgeted sales and production over the next quarter as follows: Sales Production September 60,000 48,000 October 40,000 44,000 November 60,000 58,000 Rawlings
Rawlings Company has budgeted sales and production over the next quarter as follows:
| Sales | Production | |
| September | 60,000 | 48,000 |
| October | 40,000 | 44,000 |
| November | 60,000 | 58,000 |
Rawlings Company has 20,000 units of product on hand at September 1. The company requires that 20% of the next months sales in units are on hand at the end of each month. December sales are expected to be 50,000 units. How much is ending inventory in units for October?
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Accounting Information Systems
Authors: Vernon Richardson, Chengyee Chang
1st edition
78025494, 978-0078025495
