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Cloud [144]
1 year ago
5

The Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months w

ere: January - 200,000 units; February - 180,000 units; March - 210,000 units; and April - 230,000 units. The Cardinal Company wishes to maintain a desired ending finished goods inventory of 20% of the following months sales.
Business
1 answer:
romanna [79]1 year ago
8 0

Budgeted units of inventory for March 31 is 46000.

<h3>What is Ending Inventory?</h3>

The product that remains in the company's possession at the end of the fiscal year is referred to as ending inventory. These goods are prepared to be distributed to the client and sold in the upcoming fiscal year.

Solution:

Finished goods inventory = 55,000 units

Projected sales for January = 200,000 units

Projected sales for February = 180,000 units

Projected sales for March = 210,000 units

Projected sales for April = 230,000 units

Desired ending finished goods inventory = 20%

Calculation:

Ending inventory of March = Desired ending finished goods inventory * Projected sales for April

= 20% * 230,000

= 46,000 units

To learn more about Ending Inventory visit:

brainly.com/question/25947903

#SPJ4

Correct Question:

The Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were: January - 200,000 units; February - 180,000 units; March - 210,000 units; and April - 230,000 units. The Cardinal Company wishes to maintain a desired ending finished goods inventory of 20% of the following month's sales.

What is the budgeted units of inventory for March 31?

a. 42,000

b. cannot be determined from the data given.

c. 36,000

d. 46,000

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Share this entry

SYNONYMS OF THE DAY

happy© PHOTODISC

happy

feeling pleased and satisfied

Synonyms:

glad

alive

pleased

content

satisfied

contented

Browse more

TRENDING WORDS

put off

make someone not want or like something

8.4%

take up

start doing something regularly

-0.9%

take on

start to employ someone

2.5%

keen on something

interested in something and enjoying it

-3.1%

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used for emphasizing that you agree

-10.0%

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Explanation:

ditto lol

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When the residents of a nation decide to permanently increase their savings, that affects the economy in several ways. At first, it will lower the total demand for products and services (to be able to save money you must spend less) and increase the quantity demanded for bonds. This increase will lower the price (in this case interest rate) of bonds.

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= -$31,875

Decrease by $31,875

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2 years ago
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