Frolic Corporation has budgeted sales and production over the next quarter as follows:July42,500August September54,50054,800Sales in unitsProduction in units43,45059,150The company has 4,500 units of product on hand at July 1. 10% of the next month's sales in units should be on hand at the end of each month. Octobersales are expected to be 74,000 units. Budgeted sales for September would be (in units): (Round your intermediate calculations to 2 decimal places.)Multiple Choice66,55064,60066,500

To explain the correct option as,

Answered: uly E,500 , 450 August September 54,500…

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Accounting

uly E,500 , 450 August September 54,500 54,800 59,150 band nd at luuly 1 10% of the next month's s

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Frolic Corporation has budgeted sales and production over the next quarter as follows:
July
42,500
August September
54,500
54,800
Sales in units
Production in units
43,450
59,150
The company has 4,500 units of product on hand at July 1. 10% of the next month's sales in units should be on hand at the end of each month. October
sales are expected to be 74,000 units. Budgeted sales for September would be (in units): (Round your intermediate calculations to 2 decimal places.)
Multiple Choice
66,550
64,600
66,500

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