Production and sales estimates for March for the Robin Co. are as follows: Estimated inventory (units), March 1 18,000 Desired inventory (unit), March 31 19,600     Expected sales volume (units):      Area M 6,100    Area L 8,800    Area O 7,700 Unit sales price $18 The number of units expected to be manufactured in March is  a.24,200 b.22,600 c.42,200 d.60,200

Q: Ferris Company began January with 8,000 units of its principal product. The cost of each unit is $7.…

A: This question deals with the calculation of inventory and COGS using LIFO basis. In last in first…

Q: A company estimated the sales of 20,000 units during the month of June. The beginning inventory on…

A: The budget is prepared by the management on the basis of past experience. On the basis of the…

Q: Production and sales estimates for May for Cardinal Co. are as follows: Estimated inventory…

A: The sales budget includes all the income and expenses of the business on the basis of past…

Q: The seven-month demand for product X is as follows: 500; 6,000; 2,000; 1,500; 4,000; 5,500; and…

A: For determine the Inventory level per month following is the calculation

Q: The following data are for the year ended December 31, 2021: Beginning Inventory 170,000 units…

A: Absorption costing: The absorption costing method refers to the technique of charging all costs,…

Q: Production and sales estimates for March for the Robin Co. are as follows: Estimated inventory…

A: Total Expected sales volume = Sales of Area M + Sales of Area L + Sales of Area O = 6,100 + 8,800 +…

Q: Assume a merchandising company’s estimated sales for January, February, and March are $105,000,…

A: The budget is prepared to estimate the future requirements in advance.

Q: Douglas Company plans to sell 24,000 units of Product A during July and 30,000 units during August.…

A: The production budget is prepared by the management to find out the units to be produced. It can be…

Q: Production and sales estimates for March for the Robin Co. are as follows: Estimated inventory…

A: Inventory refers to the goods or items which are stored by the business either for selling or for…

Q: 1. ABM Company forecasts sales in units for January to May as follows: January 2,500, February…

A: Production budget is a schedule of number of units that should be produced to meet the targets of…

Q: Production and sales estimates for June are as follows: Estimated inventory (units), June 1 20,000…

A: Budget: A budget is an estimation to determine the income that will be earned and expenses that will…

Q: 3. Majan Company expects sales of Product G to be 30,000 units in April, 40,000 units in May and…

A: Budgeting means where standard is set for various activities and department , then actual is…

Q: Crescent Company produces stuffed toy animals; one of these is “Arabeau the Cow.” Each Arabeau takes…

A: The financial plans that are usually prepared for the purpose of analyzing the future outlays,…

Q: The Dermaniaga Company has the following information available:   Table 3: Total Monthly Sales…

A: Budgets are the estimations that are made for future period of time. Some types of budgets are Sales…

Q: Heather Products expects the following sales of its single product: Units May 15,000 June 16,000…

A: Introduction:- The following notes required to calculate as follows:- 1)Ending inventory of May = 20…

Q: Based on the following production and sales data of Jackson Co. for March of the current year.…

A: Lets start with basics. Budget is prepared by the management so that to estimate the future profit…

Q: Wafuwafa Company reported the following results from sales of 5,000 units of Product A for June:…

A: Current selling price = P200,000 / 5,000 units = P40 Current unit variable cost = P120,000 / 5,000…

Q: The Dermaniaga Company has the following information available:   Table 3: Total Monthly Sales…

A: Budgets are the basis of estimation of future course of action. Production budget, direct material…

Q: how many units does Yorkley plan to produce during March? Select one:

A: Answer:   Option d.

Q: Production and sales estimates for March for Robin Co. are as follows: Estimated inventory…

A: The correct answer is Option (a).

Q: Truliant Co. sells a product called Withitall and has predicted the following sales for the first…

A: The correct answer is Option (a).

Q: Moath Company reports the following for the month of June. Units Unit Cost Total Cost 200 $ 1,000…

A: Formula: Weighted average unit cost = Total cost / Number of units. Division of Number of units with…

Q: Production and sales estimates for June for Robin Co. are as follows: Estimated inventory (units),…

A: The budget is prepared by the management on the basis of past experience. On the basis of the…

Q: A buyer had an inventory at the beginning of the month of $120,000 and a planned EOM stock of…

A: Markup refers to the variance between the selling price and cost. It is the percentage of profit…

Q: Production and sales estimates for March for Robin Co. are as follows: Estimated inventory (units),…

A: Formula: Units to be manufactured = Expected sales volume + Desired ending inventory - Estimated…

Q: Production and sales estimates for May for the Finneaty Co. are as follows:   Estimated…

A: Compute number of units expected to be sold in May as shown below:

Q: Raider-X Company forecasts sales of 18,000 units for April. Beginning inventory is 3,000 units. The…

A:

Q: Production estimates for July for Starling Co. are as follows: Estimated inventory (units), July 1…

A: Production = Sales + Ending Inventory - Opening Inventory Raw Material Requirement = Production *…

Q: Production and sales estimates for May for the Cardinal Co. are as follows: Estimated inventory…

A: No. of units expected to be sold in May = Expected sales volume for Area W + Area X + Area Y

Q: Last month, a manufacturing firm had the following results: Beginning finished goods inventory =…

A: Cost of goods sold = Sales - Gross margin = 1395,000 - 264,000 = P1,131,000

Q: 3. Al Anwar ceramics, Oman estimated the sales as follows June – 2,000 units July - 3,000 units…

A: The budget is prepared on the basis of estimated data for the period.  The sales budget is prepared…

Q: Company X estimates the following number of unit sales for selected four months of 2020: May June…

A: Solution: Budgeted Production for June 2020 = Budgeted Sales for June + Desired Ending inventory -…

Q: JKL & Company had 3,000 units in finished-goods inventory on December 31.  The following data are…

A: Sales Revenue is the amount received or receivable from the customers on the account of cash sales…

Q: Production and sales estimates for May for Cardinal Co. are as follows: Estimated inventory…

A:

Q: The following data are for the year ended December 31, 2021: Beginning Inventory 170,000 units…

A: 1) Total number of units produced during the year  =(Ending inventory + Selling units -beginning…

Q: (Production schedule) The projected sales, in units,for Einstein Inc. By month for the first four…

A: Ending inventory = 1/2 of next month estimated sales January = 12,000*1/2 = 6,000 units February  =…

Q: Production and sales estimates for March for the Robin Co. are as follows: Estimated inventory…

A: Expected sales volume(unit) Area M      6700 Area L       9700 Area O       8000 Total expected…

Q: Production and sales estimates for March for Robin Co. are as follows: Estimated inventory (units),…

A: Ending inventory = Opening inventory + Units Produced - Units Sold

Q: A June sales forecast projects that 8,000 units are going to be sold at a price of $11.00 per unit.…

A: Introduction:- The following basic information as follows under:-   A June sales forecast projects…

Q: Murray electronics sales in May were 2,000 units @ $52 and 2,100 @ $54 in June. Sales projections…

A: Purchases means where the goods has been purchased for the resale purpose. Gross purchases means…

Q: Based on the following production and sales data of Jackson Co. for March of the current year.…

A: a. Prepare Sales budget.

Q: Production estimates for August are as follows: Estimated inventory (units), August 1 12,000 Desired…

A: Solution:-- Introduction:- The following information given as follows under:- Beginning Estimated…

Q: Production estimates for July for Starling Co. are as follows: Estimated inventory (units), July…

A: The purchases of materials during the month can be derived from the following…

Q: 1. ABM Company forecasts sales in units for January to May as follows: January 2,500, February…

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Production and sales estimates for March for the Robin Co. are as follows: Estimated inventery…

A: Solution...   Total sales units  = 6,500 + 8,300 + 7,900  = 22,700    Ending inventory = 19,100…

Q: Based on the following production and sales estimates for May for Heron Company, determine the…

A: Definition:   Production budget: It shows the quantities of units that a company must produce to…

Q: Beginning Finished Goods Inventory is $86,400 consisting of 3,600 units. gin by calculating the…

A: Budget refers to the financial plan for a time frame of one year and it involves the planned sales…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.