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Sales and inventory information, finished goods Large Giant Expected sales in units 3,000 1,800 Selling price $ 3 $ 4 Target ending inventory in units
Sales and inventory information, finished goods Large Giant Expected sales in units 3,000 1,800 Selling price $ 3 $ 4 Target ending inventory in units 300 180 Beginning inventory in units 200 150 Beginning inventory in dollars $ 500 $ 474 Yummi-Lik uses a FIFO cost flow assumption for finished goods inventory. All the lollipops are made in batches of 10. Yummi-Lik incurs manufacturing overhead costs, and mar- keting and general administration costs, but customers pay for shipping. Other than manufacturing labour costs, monthly processing costs are very low. Yummy-Lik uses ABC and has classified all overhead costs for the month of June as shown in the following chart
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