Olympia Productions Inc. makes award medallions that are attached to ribbons. Each medallion requires 18...
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Olympia Productions Inc. makes award medallions that are attached to ribbons. Each medallion requires 18 inches of ribbon. The sales forecast for February is 2,000 medallions. Estimated beginning inventories and desired ending inventories for February are as follows: (Assume 18 inches = 0.5 yards) Estimated Desired Beginning Inventory Ending Inventory Medallions 1,000 800 Ribbon (yards) 50 20 Required: a. Calculate the number of medallions to be produced in February. b. Calculate the number of yards of ribbon to be purchased in February.
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