Question
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 1 5,200 2 7,420 3 8,110
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows.
| Quarter | HD-240 | |
|---|---|---|
| 1 | 5,200 | |
| 2 | 7,420 | |
| 3 | 8,110 | |
| 4 | 10,150 |
The January 1, 2020, inventory of HD-240 is 2,080 units. Management desires an ending inventory each quarter equal to 40% of the next quarters sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020.
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Development Of Accounting And Auditing Systems In China
Authors: Xu-Dong Ji
1st Edition
0415792886, 978-0415792882
