Universal products has experienced a number of out-of-stock, Ask an Expert

Accounting

Universal Products 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 400 units%u2014 an all-time low.

Management desires to implement a policy whereby finished-goods inventory is 60% of the following month's sales. Budgeted sales for July, August, and September are expected to be 3,600 units, 3,800 units, and 4,500 units, respectively.

Required: Determine the number of units that Universal Products must produce in July and August.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9960744

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