In: Finance
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 |
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$363,851 |
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$282,345 |
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$317,832 |
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None of the above are correct |
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