Schultz Company expects to manufacture and sell 30,000 basketsin 20X4 for $6 each. There are...
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Schultz Company expects to manufacture and sell 30,000 basketsin 20X4 for $6 each. There are 3,000 baskets in beginning finishedgoods inventory with target ending inventory of 4,000 baskets. Thecompany keeps no work-in-process inventory. What amount of salesrevenue will be reported on the 20X4 budgeted incomestatement?
$174,000? or because its budget and not actual180,000?
6 X 30,000 = 180,000 - 6,000 (1,000 Extra in Ending Inventory X6) = 174,000
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