Kirby Soups has just made its sales forecasts, and its marketing department estimates that the company will sell 4,056,000 units of its vegetable soup during the coming year. In the past, management has maintained inventories of finished goods at approximately two week's sales. The inventory at the start of the budget period is 125,000 units. Sales occur evenly throughout the year. Note: Assume 52 weeks in a year. Required: Estimate the production level of vegetable soup required for the coming year to meet these objectives. Note: Do not round intermediate calculations. Required production units

Kirby Soups has just made its sales forecasts, and its marketing department estimates that the company will sell 4,056,000 units of its vegetable soup during the coming year. In the past, management has maintained inventories of finished goods at approximately two week's sales. The inventory at the start of the budget period is 125,000 units. Sales occur evenly throughout the year. Note: Assume 52 weeks in a year. Required: Estimate the production level of vegetable soup required for the coming year to meet these objectives. Note: Do not round intermediate calculations. Required production units

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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