Psi Company produces two products: TB12 and MJ23. Budgeted sales for four months are as...

80.2K

Verified Solution

Question

Accounting

image

Psi Company produces two products: TB12 and MJ23. Budgeted sales for four months are as follows: MJ23 May June TB12 8,000 13,000 20,000 32,000 39,000 46,000 11,000 July August 18,000 Psi's ending inventory policy is that TB12 should have 15% of next month's sales in ending inventory and MJ23 should have 40% of next month's sales in ending inventory. On May 1, there were 1,200 units of TB12 and 9,000 units of MJ23. MJ23 requires 6 units of component A. (TB12 does not use component A.) There were 30,000 units of component A in inventory on May 1. Psi wants to have 20% of the following month's production needs in inventory for Component A. How many units of TB12 are budgeted for production in June? 13,000 14,650 O 11,000 O 12,700

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