A June sales forecast projects that 5,500 units are going to be sold at a price of $10.50 per unit. The desired ending inventory of units is 10% higher than the beginning inventory of 650 units. Total June sales are anticipated to be: O $57,750 O $55,065 O $55,060 O $63,525 O $55,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A June sales forecast projects that 5,500 units are going to be sold at a price of $10.50
per unit. The desired ending inventory of units is 10% higher than the beginning
inventory of 650 units. Total June sales are anticipated to be:
O $57,750
O $55,065
O $55,060
O $63,525
O $55,000
F2
F3
0+
$
M
E
R
%
5
F6
D
F7
F8
7
Transcribed Image Text:A June sales forecast projects that 5,500 units are going to be sold at a price of $10.50 per unit. The desired ending inventory of units is 10% higher than the beginning inventory of 650 units. Total June sales are anticipated to be: O $57,750 O $55,065 O $55,060 O $63,525 O $55,000 F2 F3 0+ $ M E R % 5 F6 D F7 F8 7
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