The ending inventory of finished goods for each quarter


The Waverly Company has budgeted sales for the year as follows:

  Quarter

1

2

3

4

  Sales in units

14,000

16,000

20,000

18,000

The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 5,000 units. Scheduled production for the third quarter is (in units)

 


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Accounting Basics: The ending inventory of finished goods for each quarter
Reference No:- TGS01371222

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