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Flex-Tite manufactures plastic parts. The inventory policy at Flex-Tite is to hold inventory equal to 133 percent of the average monthly sales for its main product. Sales for the following year are expected to be 918,000 units. Based on the inventory policy, the budget calls for the production of 928,000 units. Required: What is the beginning inventory of the component? (Do not round intermediate calculations.) Beginning inventory in units

Flex-Tite manufactures plastic parts. The inventory policy at Flex-Tite is to hold inventory equal to 133 percent of the average monthly sales for its main product. Sales for the following year are expected to be 918,000 units. Based on the inventory policy, the budget calls for the production of 928,000 units. Required: What is the beginning inventory of the component? (Do not round intermediate calculations.) Beginning inventory in units

FINANCIAL ACCOUNTING
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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Flex-Tite manufactures plastic parts. The inventory policy at Flex-Tite is to hold inventory equal to 133 percent of the average monthly sales for its main product. Sales for the following year are expected to be 918,000 units. Based on the inventory policy, the budget calls for the production of 928,000 units. Required: What is the beginning inventory of the component? (Do not round intermediate calculations.) Beginning inventory in units
Transcribed Image Text:Flex-Tite manufactures plastic parts. The inventory policy at Flex-Tite is to hold inventory equal to 133 percent of the average monthly sales for its main product. Sales for the following year are expected to be 918,000 units. Based on the inventory policy, the budget calls for the production of 928,000 units. Required: What is the beginning inventory of the component? (Do not round intermediate calculations.) Beginning inventory in units
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