The following information was taken from Colleen's Coatings budget for 2003. Unit Sales 20,000 Quarter First Second Third 16,000 23,000 25,000 Fourth Beginning inventory of 5,000 units reflects Colleen's policy of maintaining an ending inventory equal to 25% of the next quarter's sales. Colleen anticipates selling 20,500 units during the first quarter of 2004. The selling price per unit will remain at $16 throughout the budget period. 1. What is the desired number of units in ending inventory at the end of the first quarter? 5,000 4,000 9,000 7,000 А. В. C. D. 2. How many units should Colleen plan to produce during the second quarter of 2003? 16,000 14,250 17,750 19,500 A. В. C. D. What is the budgeted sales revenue for the third quarter of 2003? $376,000 $336,000 $256,000 $368,000 3. А. В. C. D.

The following information was taken from Colleen's Coatings budget for 2003. Unit Sales 20,000 Quarter First Second Third 16,000 23,000 25,000 Fourth Beginning inventory of 5,000 units reflects Colleen's policy of maintaining an ending inventory equal to 25% of the next quarter's sales. Colleen anticipates selling 20,500 units during the first quarter of 2004. The selling price per unit will remain at $16 throughout the budget period. 1. What is the desired number of units in ending inventory at the end of the first quarter? 5,000 4,000 9,000 7,000 А. В. C. D. 2. How many units should Colleen plan to produce during the second quarter of 2003? 16,000 14,250 17,750 19,500 A. В. C. D. What is the budgeted sales revenue for the third quarter of 2003? $376,000 $336,000 $256,000 $368,000 3. А. В. C. D.

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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