Asked by hannah burkle on Apr 25, 2024
Grey Company has 24000 units in beginning finished goods. If sales are expected to be 120000 units for the year and Grey desires ending finished goods of 30000 units how many units must the company produce?
A) 114000
B) 120000
C) 126000
D) 150000
Beginning Finished Goods
The stock of completed goods ready for sale at the beginning of a financial period.
Ending Finished Goods
The inventory of goods that are completed and ready for sale at the end of an accounting period.
Sales
The total amount of goods or services sold by a business during a particular period.
- Design budgetary outlines for sales, the production sector, and direct material requisitions, reflecting on sales forecasts and organizational policies.
Learning Objectives
- Design budgetary outlines for sales, the production sector, and direct material requisitions, reflecting on sales forecasts and organizational policies.
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