Production and sales estimates for May for Cardinal Co. are as follows: Estimated inventory (units), May 1 19,300 Desired inventory (units), May 31 19,600 Expected sales volume (units):      Territory W 6,000    Territory X 9,300    Territory Y 7,400 Unit sales price $15.00 The number of units expected to be sold in May is a.20,430 b.13,400 c.22,700 d.27,240

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A: Sales forecasting involves predicting future sales based on historical data and market trends. It…

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A: Production budget is one of useful budget being prepared in business. It shows how many units needs…

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A: Lets understand the basics.Management prepares budget in order to estimate future profit and loss…

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A:

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Q: Sales Projections in Units January February March April May 21,945 28,615 42,948 54,526 34,817

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A: The correct answer is Option (a).

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Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.