The following is budgeted production and sales information for Octofic Cans, Inc. for the month of December: AluminumTinEstimated beginning inventory 12,000 units 6,000 unitsDesired ending inventory15,000 units 4,000 unitsRegion I, anticipated sales 380,000 units 85,000 unitsRegion II, anticipated sales 125,000 units 25,000 unitsThe unit selling price for aluminum cans is $0.15 and for tin cans is $0.20.Budgeted sales for the month are _____.a.$81,550b.$123,000c.$97,750d.$82,750

Sales revenue is the amount of revenue generated from the sale of goods to customers during the…

Answered: The following is budgeted production…

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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The following is budgeted production and sales information for Octofic Cans, Inc. for the month of December:

	Aluminum	Tin
Estimated beginning inventory	12,000 units	6,000 units
Desired ending inventory	15,000 units	4,000 units
Region I, anticipated sales	380,000 units	85,000 units
Region II, anticipated sales	125,000 units	25,000 units

The unit selling price for aluminum cans is $0.15 and for tin cans is $0.20.

Budgeted sales for the month are _____.

$81,550

$123,000

$97,750

$82,750

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