1. The Linda Corporation is doing budgets for the last quarter of its fiscal year, which ends on December 31. The company expects to make sales by month are:
|
Sept |
Oct |
Nov |
Dec |
Jan |
|
$25,000 |
$26,250 |
$31,500 |
$40,950 |
$16,380 |
The unit sales price is $0.50. The company plans to keep ending finished goods inventory equal to 20% of the following month’s production. What is the planned production for the month of November?
|
a. 79,380 units |
|
b. 59,220 units |
|
c. 66,780 units |
|
d. 63,000 units |
|
e. None of the above |