Sunlight Company forecasts purchases of 30,000 widgets in June. It sells the widget at $14.00 per unit. The company has 2,500 units on hand on June 1. The desired ending inventory of widgets on June 30 is to be 10% lower than the beginning inventory. Total June sales for widgets are anticipated to be (in dollars):

Sunlight Company forecasts purchases of 30,000 widgets in June. It sells the widget at $14.00 per unit. The company has 2,500 units on hand on June 1. The desired ending inventory of widgets on June 30 is to be 10% lower than the beginning inventory. Total June sales for widgets are anticipated to be (in dollars):

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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A
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