XYZ Company is preparing its production budget for the next year. Budgeted sales in dollars for January, February, March, and April are $210,000, $270,000, $150,000, and $186,000, respectively. Target ending finished goods inventory in units is 20% of the next month's sales in units. Budgeted selling price is $15 per unit. How many total units need to be produced in February? Select one: O a. 20,500 O b. 16,400 O c. 10,250 O d. 10,480

XYZ Company is preparing its production budget for the next year. Budgeted sales in dollars for January, February, March, and April are $210,000, $270,000, $150,000, and $186,000, respectively. Target ending finished goods inventory in units is 20% of the next month's sales in units. Budgeted selling price is $15 per unit. How many total units need to be produced in February? Select one: O a. 20,500 O b. 16,400 O c. 10,250 O d. 10,480

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Need help with the production budget, i added what i have so far.
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