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 ago
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