One Device makes universal remote controls and expects to sell 654 units in January, 952 in February, 907 in March, 648 in April, and 957 in May. The required ending inventory is 13% of the next month’s sales. Calculate the total production for the first four months (January, February, March and April). Round to the nearest hundreth, two decimal places.
One Device makes universal remote controls and expects to sell 654 units in January, 952 in February, 907 in March, 648 in April, and 957 in May. The required ending inventory is 13% of the next month’s sales. Calculate the total production for the first four months (January, February, March and April). Round to the nearest hundreth, two decimal places.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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One Device makes universal remote controls and expects to sell 654 units in January, 952 in February, 907 in March, 648 in April, and 957 in May. The required ending inventory is 13% of the next month’s sales. Calculate the total production for the first four months (January, February, March and April). Round to the nearest hundreth, two decimal places.
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