Ask Question
21 May, 22:40

Calculator Motorcycle Manufacturers, Inc., projected sales of 54,600 machines for the year. The estimated January 1 inventory is 6,610 units, and the desired December 31 inventory is 7,360 units. The budgeted production for the year is a. 54,600 b. 55,350 c. 40,630 d. 53,850

+1
Answers (1)
  1. 22 May, 01:28
    0
    b. 55,350

    Explanation:

    The movement in number of finished goods between the beginning and end of a period is due to the number of goods sold and number of goods produced.

    While the number sold reduces the account balance, while the number produced increases it. This may be expressed mathematically as;

    Opening balance + number of goods produced - number of goods sold = closing balance

    let the budgeted production be J

    6610 + J - 54,600 = 7,360

    J = 7,360 + 54,600 - 6610

    = 55,350
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Calculator Motorcycle Manufacturers, Inc., projected sales of 54,600 machines for the year. The estimated January 1 inventory is 6,610 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers