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SIZIF [17.4K]
3 years ago
13

If the expected sales volume for the current period is 25,000 units, the desired ending inventory is 700 units, and the beginnin

g inventory is 450 units, the number of units set forth in the production budget, representing total production for the current period, is
Business
1 answer:
cluponka [151]3 years ago
6 0

Answer:

Production= 25,250 units

Explanation:

Giving the following information:

Sales= 25,000 units

ending inventory= 700 units

beginning inventory= 450 units

To calculate the required production for the period, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 25,000 + 700 - 450

Production= 25,250 units

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1 year ago
On July 1, Raney Corporation purchases 690 shares of its $4 par value common stock for the treasury at a cash price of $9 per sh
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Answer:

Date      Particular                                       Dr.        Cr.

Jul-1       Treasury stock                          $6,210

             Cash                                                         $6,210

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Treasury stocks are the company's own shares which is repurchased by the company. It is recorded in treasury shares account which is an contra equity account. I can be reissued or cancelled by the company.

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