Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year. Beginning Inventory 54,000 Ending Inventory Raw material* 64,000 Finished goods 94,000 64,000 * Three pounds of raw material are needed to produce each unit of finished product If Paradise Corporation plans to sell 550,000 units during next year, the number of units it would have to manufacture during the year would be. Multiple Choice 550,000 units 520 000 units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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8-1
Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year.
Beginning
Ending
Inventory
Inventory
Raw material*
54,000
64,000
Finished goods
94,000
64,000
* Three pounds of raw material are needed to produce each unit of finished product.
If Paradise Corporation plans to sell 550,000 units during next year, the number of units it would have to manufacture during the year would be.
Multiple Choice
550,000 units
520.000 units
580.000 units
Transcribed Image Text:Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year. Beginning Ending Inventory Inventory Raw material* 54,000 64,000 Finished goods 94,000 64,000 * Three pounds of raw material are needed to produce each unit of finished product. If Paradise Corporation plans to sell 550,000 units during next year, the number of units it would have to manufacture during the year would be. Multiple Choice 550,000 units 520.000 units 580.000 units
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