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Volgvan
3 years ago
8

The company wants to end each month with ending finished goods inventory equal to 10% of the next month’s sales. Finished goods

inventory on December 31 is 280 units. The budgeted production units for January are:
Business
1 answer:
exis [7]3 years ago
5 0

Answer:

Budgeted production in January 2,910 units

Explanation:

Calculation for the budgeted production units for January

Using this formula

Budgeted production in January= Budgeted sales + Desired ending inventory - Beginning inventory available

Let plug in the formula

Budgeted production in January=2,800 + (3,900*10%) - 280

Budgeted production in January=$2,800+$390-280

Budgeted production in January= 2,910 units

Therefore the Budgeted production in units for January are: 2,910 units

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Answer:

Chart of accounts.

Explanation:

Chart of account set up the codes which is used to determine the project cost. Under chart of account each account is assigned unique number and name. Example of chart of accounts include balance sheet accounts, asset accounts, liability accounts, revenue accounts, expenditure accounts, etc.

Chart of account is usually used by an organization to show that what amount of money is received or spent by each class of items. By segregating expenditure, revenues, liability, assets, etc. it provide better understanding to an organization about financial health.

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