A June sales forecast projects that 1,500 units are going to be sold at a price

Question

A June sales forecast projects that 1,500 units are going to be sold at a price of $9.50 per unit. The desired ending inventory of units is 12% higher than the beginning inventory of 250 units. Merchandise purchases for June are projected to include how many units?

1,470 units

1,500 units

1,625 units

1,780 units

1,530 units

A June sales forecast projects that 1,500 units are going to be sold at a price of $9.50 per unit. The desired ending inventory of units is 12% higher than the beginning inventory of 250 units. Merchandise purchases for June are projected to include how many units?

Explanation / Answer

Beginning inventory 250 Add:purchases(balance)(1500+280-250) 1530 units Less:ending inventory(250*1.12) 280 Sals 1500

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