Benham Foundries manufactures metal components. The inventory policy at Benham is to hold inventory equal to 148 percent of the average monthly sales for its main product. Sales for the main product for the following year are expected to be 468,000 units. Based on the inventory policy, the budget calls for the production of 438,000 units. Question: What is the beginning inventory of the main product?

Benham Foundries manufactures metal components. The inventory policy at Benham is to hold inventory equal to 148 percent of the average monthly sales for its main product. Sales for the main product for the following year are expected to be 468,000 units. Based on the inventory policy, the budget calls for the production of 438,000 units. Question: What is the beginning inventory of the main product?

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterC: Cases

Section: Chapter Questions

Problem 1C

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What is the beginning inventory of the main product?

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