Production and sales estimates for March for Robin Co. are as follows:Estimated inventory (units), March 117,500Desired inventory (units), March 3119,300 Expected sales volume (units): Area M6,200 Area L9,600 Area O7,800Unit sales price$12The number of units expected to be manufactured in March is

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Description: Production and sales estimates for March for Robin Co. are as follows:Estimated inventory (units), March 117,500Desired inventory (units), March 3119,300 Expected sales volume (units): Area M6,200 Area L9,600 Area O7,800Unit sales price$12The

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

Estimated inventory (units), March 1	17,500
Desired inventory (units), March 31	19,300

Expected sales volume (units):
Area M	6,200
Area L	9,600
Area O	7,800
Unit sales price	$12

The number of units expected to be manufactured in March is

Expert Solution

Step 1

Formula:

Units to be manufactured = Expected sales volume + Desired ending inventory - Estimated beginning inventory

Deduction of estimated beginning inventory from desired ending inventory and expected sales volume derives the units to be manufactured.

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