Inventory of finished goods on december 31 was 6400 units., Ask an Expert

Accounting

The projected sales, in units, for Galileo Inc. by month for the first four months were:

January 12,800
February 12,000
March 16,000
April 19,200

Inventory of finished goods on December 31 was 6,400 units. The company desires to have an ending inventory each month equal to one-half of next month's estimated sales.

Determine the companys production requirements for each month of the first quarter?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9409092

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