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20 June, 06:45

An October sales forecast projects that 7,000 units are going to be sold at a price of $11.50 per unit. The desired ending inventory in units is 15% higher than the beginning inventory of 1,000 units. Total October sales are anticipated to be a.$69,000 b.$80,500 c.$92,000 d.$70,000

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  1. 20 June, 09:22
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    The correct answer is:

    $80,500 (b.)

    Explanation:

    First of all, not that total anticipated October sales is the same thing as projected October sales. Therefore, this sale is calculated as follows:

    Projected sales = 7,000

    unit price = $11.50 per unit

    Therefore

    Price for 7,000 units = 11.5 * 7,000 = $80,500
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