Solved: The company has 5600 units of product on hand at july 1 10, Accounting Basics

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The company has 5600 units of product on hand at july 1 10

Frodic Corporation has budgeted sales and production over the next quarter as follows:

	July	August	September
Sales in units	48,000	60,000	?
Production in units	65,200	60,300	64,650

The company has 5,600 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 79,500 units. Budgeted sales for September would be (in units):

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Accounting Basics: The company has 5600 units of product on hand at july 1 10

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Accounting Basics: The company has 5600 units of product on hand at july 1 10

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