Question
In: Accounting
Given that Foamz' monthly inventory needs are: Jan-900 units, Feb-500 units, and Mar -1200 units and...
Given that Foamz' monthly inventory needs are: Jan-900 units, Feb-500 units, and Mar -1200 units and that company should begin with month with 10 percent of that month's production and end the month with 10% of the next month's production, how many units should be produced in February?
Solutions
Expert Solution
| Ans. | Production Budget | |
| For the Month Of February | ||
| Particulars | February | |
| Inventory needs | 500 | |
| Add: Desired ending inventory units | 120 | |
| Total required units | 620 | |
| Less: Beginning inventory units | -50 | |
| Units to be produced | 570 | |
| *Beginning inventory = February month's inventory * 10% | ||
| 500 * 10% = 50 units | ||
| *Ending inventory = March month's inventory * 10% | ||
| 1,200 * 10% = 120 units | ||
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