Mercurius sells bicycles. The following data relates to the most recent quarterly sales forecast: Expected Sales (units)Target Inventory at End of Month (units)June 1,450345July1,615460August1,667454Mercurius' cost for one bicycle is $130. How many units should the company purchase in August?(Answer without comma separators, e.g., 1000 instead of 1,000)

The production budget is prepared by the management to find out the units to be produced. It can be…

Answered: Mercurius sells bicycles. The following…

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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Mercurius sells bicycles. The following data relates to the most recent quarterly sales forecast:

	Expected Sales (units)	Target Inventory at End of Month (units)
June	1,450	345
July	1,615	460
August	1,667	454

Mercurius' cost for one bicycle is $130.

How many units should the company purchase in August?
(Answer without comma separators, e.g., 1000 instead of 1,000)

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