ABC company has budgeted the following sales. January February Sales ( on Income statement) $100,000...

80.2K

Verified Solution

Question

Accounting

image
ABC company has budgeted the following sales. January February Sales ( on Income statement) $100,000 $150,000 Cost of goods sold is 60% of sales and the unit cost is $ 10 per unit As a policy ABC does not maintain any inventories of finished goods. How much inventory, in units, is needed to satisfy each month sales? Select one: O none of these O January 4,000 units; February 6,000 units O January 6,000 units; February 9,000 units O January 10,000 units; February 15,000 units

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students