Production and sales estimates for March for Robin Co. are as follows: Estimated inventory (units), March 1 17,500 Desired inventory (units), March 31 19,300 Expected sales volume (units): Area M 6,200 Area L 9,600 Area O 7,800 Unit sales price $12 The number of units expected to be manufactured in March is
Production and sales estimates for March for Robin Co. are as follows: Estimated inventory (units), March 1 17,500 Desired inventory (units), March 31 19,300 Expected sales volume (units): Area M 6,200 Area L 9,600 Area O 7,800 Unit sales price $12 The number of units expected to be manufactured in March is
Chapter10: Inventory
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Problem 6EA: Akira Company had the following transactions for the month. Calculate the gross margin for the...
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Production and sales estimates for March for Robin Co. are as follows:
Estimated inventory (units), March 1 | 17,500 |
Desired inventory (units), March 31 | 19,300 |
Expected sales volume (units): | |
Area M | 6,200 |
Area L | 9,600 |
Area O | 7,800 |
Unit sales price | $12 |
The number of units expected to be manufactured in March is
Expert Solution
Step 1
Formula:
Units to be manufactured = Expected sales volume + Desired ending inventory - Estimated beginning inventory
Deduction of estimated beginning inventory from desired ending inventory and expected sales volume derives the units to be manufactured.
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