Answer:
The budgeted production in February is 4280 units.
Explanation:
The ending inventory for January would be 10% of January's budgeted sales. Thus, the ending inventory will be = 4200 * 0.1 = 420 units
The budgeted production in February will be enough to meet the desired ending inventory for February and the remaining sales for the month of February after selling the opening inventory for February.
Desired ending inventory February = 5000 * 0.1 = 500 units
The budgeted production in February is,
Production = Closing Inventory + Sales - Opening inventory
Production = 500 + 4200 - 420 = 4280 units
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Based on the cost of the inventory to Windsor Inc, and the FIFO method, the gross profit for the month is C. $1,520
<h3>What is Windsor's gross profit?</h3>
FIFO means that the earlier goods are sold first.
210 units were left on hand which means that none of the Purchase on the 28th of January was sold.
The 15th Janaury purchase sold:
= 130 - (210 - 130)
= 50 units
The sales revenue is therefore:
= (260 + 50) x 9
= $2,790
The cost is:
= (260 x 4) + (50 x 4.60)
= $1,270
Gross profit is:
= 2,790 - 1,270
= $1,520
Find out more on FIFO at brainly.com/question/24137318.
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Answer:
Formula field with a return type of currency.
Explanation:
Answer:
True
Explanation:
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