Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the inventory policy is to have ending inventory e

The inventory policy is to have ending inventory equal to 20% of next months sales....

50.1K

Verified Solution

Question

Accounting

The inventory policy is to have ending inventory equal to 20% of next months sales.

June July August
Desired ending inventory ? ? ?
Beginning inventory ? ? ?
Budgeted sales ? 240 400
Budgeted production ? ? 380

Compute ending inventory for August

Group of answer choices

100

60

80

48

not enough information

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Please answer both parts of the question: a. Use linear approximation to estimate the value: 12.03/3.99 b. Find...

Basic Math
Q

A car company is considering a new engine filter for its new hybrid automobile line. But...

Statistics
Q

H0: u >= 20 Ha: u< 20 A sample of 50 provided a sample mean of 19.6....

Basic Math
Q

Which of the following is an example of a metaphor?A He is as perfect as...

Biology
Q

are connected in parallel with a 24 V battery 1 Draw the circuit include a...

Physics
Q

Points 2 Question 22 Find the unknown angle if the four lines cut by the...

Geometry
Q

Suppose T is a transformation from R2 to R Find the matrix A that induces...

Algebra
Q

The sales budget for Modesto Corp. shows that 21,500 units of Product A and 23,500...

Accounting
Q

An employee has year-to-date earnings of $129,800. The employee's gross pay for the next pay...

Accounting
Q

The change in Accounts Receivable will be reported in what section of the statement of...

Accounting
Q

Strategic HRM research examines the relationships between internal organizational characteristics, HRM strategy and practices, and...

Accounting
Q

Tony and Suzie graduate from college in May 2021 and begin developing their new business....

Accounting