Asian Lamp Company manufactures lamps. The estimated numbers of lamp sales for the last three...
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Asian Lamp Company manufactures lamps. The estimated numbers of lamp sales for the last three months for the current year are as follows: Month Sales October 10,000 November 14,000 December 13,000 Finished goods inventory at the end of September was 3,000 units. Ending finished goods inventory is budgeted to equal 20% of the next month's sales. Asian Lamp expects to sell the lamps for $25 each. January sales is projected at 16,000 lamps. How many lamps should be produced in November? a. 13,800 lamps b. 13,500 lamps c. 13,700 lamps d. 13,750 lamps
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