Ace Products Inc. produces small kitchen appliances, including a panini grill. The sales budget for...
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Accounting
Ace Products Inc. produces small kitchen appliances, including a panini grill. The sales budget for the third quarter of the fiscal year for the panini grill is as follows:
Unit sales
July 325,000
August 344,500
September 318,500
Octobers budgeted sales are 299,000 units. Aces policy is to maintain an ending inventory of 20% of next months sales. At the beginning of July, the inventory of panini grills is 65,000 grills. As a result of improvements in the supply chain, Ace has decided that inventory needs in the future will be only 10% of the following months sales. Based on this information, how many units should be budgeted to be produced in the month of September? (Assume that the new inventory policy will be put into place effective for Septembers targeted ending inventory.)
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