National novelties has experienced a number of out-of-stock, Ask an Expert

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National Novelties has experienced a number of out-of-stock situations with respect to its finished-goods inventories. Inventory at the end of June, for example, was only 200 units-- an all-time low. Management desires to implement a policy whereby finished-goods inventory is 40% of the following month's sales. Budgeted sales for July, August, and September are expected to be 3,500 units, 3,800 units, and 4,800 units, respectively. Required: Determine the number of units that National Novelties must produce in July and August.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9952919

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