26. The following forecasted sales pertain to Micah Company: Month Sales April $200,000 May 250,000...
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Accounting
26.
The following forecasted sales pertain to Micah Company:
Month Sales April $200,000 May 250,000 June 150,000 July 100,000
Collection pattern: 60% in month of sale 40% in month following the sale
Accounts receivable as of March 31 $35,000 Finished goods inventory as of March 31 4,000 units
The company has a selling price of $10 per unit and expects to maintain ending inventories equal to 20% of the next month's sales. How many units are expected to be produced in April? a. 19,000 units b. 21,000 units c. 20,000 units d. 25,000 units
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