Cash sales are 40 percent in a given month, with the remainder going into accoun

Question

Cash sales are 40 percent in a given month, with the remainder going into accounts receivable. All receivables are collected in the month following the sale. Esquire sells all of its goods for $2 each and produces them for $1 each. Esquire uses level production, and average monthly production is equal to annual production divided by 12.

Generate a monthly production and inventory schedule in units. Beginning inventory in January is 28,000 units.

Explanation / Answer

a. Generate a monthly production and inventory schedule in units. Beginning inventory in January is 28,000 units.

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