Solved: Inventory of finished goods on december 31 was 6400 units, Accounting Basics

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Inventory of finished goods on december 31 was 6400 units

Question - The projected sales, in units, for Galileo Inc. by month for the first four months were:

January 12,800

February 12,000

March 16,000

April 19,200

Inventory of finished goods on December 31 was 6,400 units. The company desires to have an ending inventory each month equal to one-half of next month's estimated sales.

Determine the companys production requirements for each month of the first quarter?

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Accounting Basics: Inventory of finished goods on december 31 was 6400 units

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Accounting Basics: Inventory of finished goods on december 31 was 6400 units

Reference No:- TGS02620017

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