Finished goods inventory at the end of last december was, Ask an Expert

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Lenova Company manufactures wooden drawers. The estimated number of drawer sales for the first three months of the current year is:
Month Unit Sales
January 2,000
February
March 3,000
2,400

Finished goods inventory at the end of last December was 200 units. Ending finished goods inventory is equal to 25 percent of the next month's sales. Lenova Company expects to sell the brackets for $45 each. How many brackets should Lenova produce in January?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9416910

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