SALES PROJECTIONS Wilson Sports basketball sales in August were 152,000 units. Sales are expected to...
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Accounting
SALES PROJECTIONS
Wilson Sports basketball sales in August were 152,000 units. Sales are expected to grow by 1.5% in September. October sales are expected to be 1,000 units less than in September. November sales will be 1% more than October. The selling price of the basketballs will remain the same $30 per unit. December sales projection is 157,000 units.
INVENTORY POLICIES
FINISHED GOODS
MAINTAIN AND ENDING INVENTORY EQUAL TO 25% OF NEXT MONTH SALES
ACTUAL BEGINNING INVENTORY 38,500 UNITS
DIRECT MATERIALS
MAINTAIN AND ENDING INVENTORY EQUAL TO 30% OF NEXT MONTH PRODUCTION
ACTUAL BEGINNING INVENTORY 9,000 POUNDS
MATERIALS REQUIREMENTS
Each basketball requires .25 pounds of materials at a cost of $7 per pound. December production are projected to be 156,000 units.
CALCULATE TOTAL MATERIALS REQUIREMENT FOR SEPTEMBER ROUNDED TO ZERO DECIMAL PLACES
DON'T USE COMMA SEPARATORS
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