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Q1. Bambino Sporting Goods Bambino Sporting Goods makes baseball gloves that...

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Accounting

Q1. Bambino Sporting Goods

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Bambino Sporting Goods makes baseball gloves that are very popular in the spring and early summer season. Units sold are anticipated as follows: If seasonal production is used, It is assumed that inventory will directly match sales for each month and there will be no inventory bulldup. The production manager thinks the preceding assumption is too optimistic and decides to go with level production to avoid being out of merchandise. He will produce the 36,900 units over four months at a level of 9,225 per month. a. What is the ending inventory at the end of each month? Compare the unit sales to the units produced and keep a running total. Note: Leave no cells blank be certain to enter ' O ' wherever required. b. If the inventory costs $12 per unit and will be financed at the bank at a cost of 12 percent, what is the monthly financing cost and the total for the four months? (Use 1 percent as the monthly rate.) Note: Leave no cells blank be certain to enter ' O ' wherever requlred

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