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
Chapter1: Financial Statements And Business Decisions
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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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