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Calculate the budgeted beginning balance in units

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Reference no: EM131768615

The following forecasted sales pertain to Arrow Corporation:

Month

Sales

September

$160,000

October

200,000

November

120,000

December

80,000

Collection pattern:  75 percent in month of sale; 25 percent in month following sale

Accounts Receivable (August 31):  $28,000

Finished Goods Inventory (August 31):  30,000

Arrow Corporation has a selling price of $10 per unit and expects to maintain ending inventories equal to 30 percent of the next month's sales.  Calculate the budgeted beginning balance in units for finished goods inventory on November 1?

Reference no: EM131768615

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