The wine-producing company Lebeau Vineyard expects to produce 2.1 million 3-litre bottles of Chablis in 2016. Lebeau

Question:

The wine-producing company Lebeau Vineyard expects to produce 2.1 million 3-litre bottles of Chablis in 2016. Lebeau purchases empty glass bottles from a reliable supplier. The target of such bottles is 55,000; the beginning inventory is 23,700. For simplicity, ignore loss due to breakage.
Required
Compute the number of bottles to be purchased in 2016.
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...