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The following forecasted sales pertain to Fletcher Company: Month Sales April $200,000 May 250,000 June 150,000 July 100,000 Finished goods inventory as of March 31
The following forecasted sales pertain to Fletcher Company: Month Sales April $200,000 May 250,000 June 150,000 July 100,000 Finished goods inventory as of March 31 4,000 units The company has a selling price of $10 per unit and expects to maintain ending inventories equal to 20 percent of the next month's sales. What is the budgeted beginning balance in units for finished goods inventory on June 1? a. 2,500 units b. 2,000 units c. 4,000 units d. 3,000 units
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