Waco's Widgets plans to sell 22,000 widgets during May, 19,000 units in June, and 20,000 during July.

Question:

Waco's Widgets plans to sell 22,000 widgets during May, 19,000 units in June, and 20,000 during July. Waco keeps 10% of the next month's sales as ending inventory. How many units should Waco produce during June?

1. 18,900

2. 19,100

3. 19,000

4. 21,000

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 =...