Question
In: Finance
The following stock and sales plans are available for the spring season. In addition to the...
The following stock and sales plans are available for the spring season. In addition to the information given below, you know that the February BOM is planned for $282,345.
Month Sales EOM Stock
February $110,984 $289,532
March 199,999 344,771
April 145,672 354,678
May 201,322 466,421
June 442,982 301,254
July 99,873 199,234
What is the average stock for the first quarter?
|
$305,549 |
||
|
$363,851 |
||
|
$282,345 |
||
|
$317,832 |
||
|
None of the above are correct |
Solutions
Expert Solution
Average stock = (Total EOM stock for first 3 months) / 3
It is given BOM stock for february = 282345
the above will be EOM stock for January
so Average stock = (282345+ 289532 + 344771) / 3 = $305,549
First option is correct
jeff jeffy answered 2 years agoRelated Solutions
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