The inventory policy is to have ending inventory equal to 20% of next month's sales. Desired ending inventory Beginning inventory Budgeted sales June ? ? ? July ? ? ? 240 Budgeted production Compute budgeted production for July ? August ? ? 400 380

The inventory policy is to have ending inventory equal to 20% of next month's sales. Desired ending inventory Beginning inventory Budgeted sales June ? ? ? July ? ? ? 240 Budgeted production Compute budgeted production for July ? August ? ? 400 380

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 4.9C

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Question

The inventory policy is to have ending inventory equal
to 20% of next month's sales.
Desired
ending
inventory
Beginning
inventory
Budgeted
sales
June
208
Ce
?
2.
?
July
?
?
?
Budgeted
production
Compute budgeted production for July
240
?
August
?
?
400
380

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