A sales budget is given below for one of the products manufactured by the Key Co.: January 21,000 units February 36,000 units March 61,000 units April 41,000 units May 31,000 units June 25,000 units The inventory of finished goods at the end of each month should equal 20% of the next month's sales. However, on December 31 the finished goods inventory totalled only 4,000 units. The information applies to the questions displayed below (9-11) scroll down What are the total units required for production for the month of January? O a 24,200 O b. 25,000 Oc 32,200 O d. 20,200

A sales budget is given below for one of the products manufactured by the Key Co.: January 21,000 units February 36,000 units March 61,000 units April 41,000 units May 31,000 units June 25,000 units The inventory of finished goods at the end of each month should equal 20% of the next month's sales. However, on December 31 the finished goods inventory totalled only 4,000 units. The information applies to the questions displayed below (9-11) scroll down What are the total units required for production for the month of January? O a 24,200 O b. 25,000 Oc 32,200 O d. 20,200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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