FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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:
О а. 20,500
O b. 16,400
О с. 10,250
O d. 10,480
O e. None of the given answers
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Transcribed Image Text: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: О а. 20,500 O b. 16,400 О с. 10,250 O d. 10,480 O e. None of the given answers
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