Ace Company has 200 units of a given product on hand at the beginning of...
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Accounting
Ace Company has 200 units of a given product on hand at the beginning of April. One unit of the product costs $6 to manufacture. The company has the following sales budget: Month Sales units April 1,000 May 1,500 June 1,800 The companys policy is that it will maintain an ending Finished Good Inventory (in units) to be same as 30% of the following months sales units. Based on the information above, the balance sheet at the end of April will show a $_________ balance for Finished Good (product).
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