Production and sales estimates for March for Robin Co. are as follows: Estimated inventory (units), March 1 17,100 Desired inventory (units), March 31 19,500 Expected sales volume (units): Area M 6,500 Area L 9,000 Area O 8,000 Unit sales price $15 Budgeted production for March is

Production and sales estimates for March for Robin Co. are as follows: Estimated inventory (units), March 1 17,100 Desired inventory (units), March 31 19,500 Expected sales volume (units): Area M 6,500 Area L 9,000 Area O 8,000 Unit sales price $15 Budgeted production for March is

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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Concept explainers

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.

Question

Production and sales estimates for March for Robin Co. are as follows:

Estimated inventory (units), March 1	17,100
Desired inventory (units), March 31	19,500
Expected sales volume (units):
Area M	6,500
Area L	9,000
Area O	8,000
Unit sales price	$15

Budgeted production for March is

a.60,100

b.43,000

c.23,500

d.25,900

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