Assume a company's estimated sales for January, February, and March are 30,000 units, 31,000 units, and 29,000 units, respectively. The company always maintains ending finished goods inventory equal to 30% of next month's unit sales. What is the required production in units for January? Multiple Choice 30, 300 units 30, 700 units 29, 700 units 39, 300 units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Assume a company's estimated sales for January, February, and March are 30,000 units, 31,000 units, and
29,000 units, respectively. The company always maintains ending finished goods inventory equal to 30% of
next month's unit sales. What is the required production in units for January? Multiple Choice 30, 300 units
30, 700 units 29, 700 units 39, 300 units
Transcribed Image Text:Assume a company's estimated sales for January, February, and March are 30,000 units, 31,000 units, and 29,000 units, respectively. The company always maintains ending finished goods inventory equal to 30% of next month's unit sales. What is the required production in units for January? Multiple Choice 30, 300 units 30, 700 units 29, 700 units 39, 300 units
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