A June sales forecast projects that 6,000 units are going to be sold at a price

Question

A June sales forecast projects that 6,000 units are going to be sold at a price of $10.50 per unit. The desired ending inventory of units is 15% higher than the beginning inventory of 1,000 units. total June sales are anticipated to be:

A. $63,000
B. $67,500
C. $61,250
D. $74,250
E. $60,000

Please Explain

Sobreno's company desires a December 31 ending inventory of 2840 units. Budgeted sales for December ared 4000 units. The november 30 inventory was 1800 units. budgeted purchases are:

A. 5040 units
B. 1240 units
C. 6840 units
D. 4000 units
E. 5800 units

Please Explain

Explanation / Answer

A June sales forecast projects that 6,000 units are going to be sold at a price of $10.50 per unit. The desired ending inventory of units is 15% higher than the beginning inventory of 1,000 units. total June  

A June sales forecast projects that 6,000 units are going to be sold at a price of $10.50 per unit. The desired ending inventory of units is 15% higher than the beginning inventory of 1,000 units. total June sales are anticipated to be:

Explanation:-

June sales forecast = 6,000 units

Price per unit is      = $10.50

Total June sales is just 6,000*$10.50 = $63,000 There is no use of opening 1000 and ending inventory 1150(1000*15%=150)

So the answer is A = $63,000

Soprano’s company desires a December 31 ending inventory of 2840 units. Budgeted sales for December are 4000 units. The November 30 inventory was 1800 units. are:

Explanation:-

Opening inventory is 1800 units

Ending inventory is 2840 units

So the difference is 1040 units

Sales in December is 4000 units

If we add both 1040 and 4000 we get budgeted purchases

So the answer is A. 5040 units

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