Question

An october sales forecast projects 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

Answer 1

October sales forecast projects = 7000
Sold price = $11.50
Desired ending inventory in units is 15 % higher tan the beginning inventory of 1000 units
Total October sales = ?
When we calculate the total October sale, it means we have to multiply the total units sold in October with the price per unit
Total October sales = 7000 x 11.50
= $80,500
So, total October sales are anticipated to be $80,500.