Ask Question
1 August, 17:43

Calculator If the expected sales volume for the current period is 7,400 units, the desired ending inventory is 268 units, and the beginning inventory is 337 units, the number of units set forth in the production budget, representing total production for the current period, is a. 7,063 b. 7,668 c. 7,331 d. 7,400

+1
Answers (1)
  1. 1 August, 20:38
    0
    c. 7,331

    Explanation:

    The movement or change in inventory balance at the start of a period and at the end of the period is as a result of 2 factor namely; sales and production.

    While sales will result in a decrease in the account balance, production will cause an increase. This may be expressed mathematically as

    Opening balance + production - sales = closing balance

    Let the units produced be H

    337 + H - 7400 = 268

    H = 7400 + 268 - 337

    = 7,331
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Calculator If the expected sales volume for the current period is 7,400 units, the desired ending inventory is 268 units, and the beginning ...” 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