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George is supplementing his income in 2014 by building and selling 20,000 ant hills. He ended 2013 with 2,000 completed hills in inventory and would like to complete operations in 2014 with at least 2,500 completed hives in inventory. There is no ending work in process inventory. One ant hill holds about 3000 ants. The ants are purchased for $3.00 per 1,000 ants. The hills sell for $20.00 each. How many ant hills would the 2014 production budget, of Johnson, identify as needing to be produced?

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Accounting Basics, Accounting

Category:- Accounting Basics
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