The following forecasted sales pertain to Rapid City: Month Unit Sales June 32,000 July 40,000 August 24,000 September 30,000 Finished goods inventory as of May 31 6,000 units Rapid City has a selling price of $5 per unit and expects to maintain ending inventories equal to 25 percent of next month's sales. Required: How many units are expected to be produced in June?
1 answer
Question:
The following forecasted sales pertain to Rapid City:
Month Unit Sales
June 32,000
July 40,000
August 24,000
September 30,000
Finished goods inventory as of May 31 6,000 units
Rapid City has a selling price of $5 per unit and expects to maintain ending inventories equal to 25 percent of next month's sales.
Required:
How many units are expected to be produced in June?
Month Unit Sales
June 32,000
July 40,000
August 24,000
September 30,000
Finished goods inventory as of May 31 6,000 units
Rapid City has a selling price of $5 per unit and expects to maintain ending inventories equal to 25 percent of next month's sales.
Required:
How many units are expected to be produced in June?
Answers
Answer:2,400 unitsExplanation:Calculation of units expected to be produced in June is seen below;= (Unit sales in June / Selling price per unit) + [(Unit sales in July/Selling price per unit) × Percentage of inventories] - Ending finished inventory = ($32,000/$5) + [($40,000/$5) × 0.25] - 6,000= 6,400 + 2,000 - 6,000= 2,400 unitsIt is expected that 2,400 units would be produced in June.
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