Calculate the required production in units for january

Assignment Help Financial Accounting
Reference no: EM132869335

Ytruy Limited has the following sales budget for the first three months of 2021:

Sales(Units):

January=340, February=360, March=390

Credit sales($):

January=$680,000, February =720,000, March=$780,000

Finished goods inventory must be 50% of the following month's expected sales and is expected to 170 units on 1 January. Prepare a finished goods inventory budget and use it to answer the following:

Question 1: Calculate the ending finished goods inventory in units for January.

Question 2: Calculate the required production in units for January.

Reference no: EM132869335

Questions Cloud

Current issues in licensure of health professionals : What are current issues in licensure of health professionals
How much net fixed assets does the firm have : Current liabilities are $750, sales are $9,200, the profit margin is 7.8 percent, and return on equity is 15%. How much net fixed assets does the firm have?
What is the cash flow from assets for xyz inc : What is the cash flow from assets? XYZ Inc. has a tax rate of 21 percent in 2019. The firm generated a net income of $2,050 during the year.
Implementing change in the department : What is the manager's role and responsibility in implementing change in the department?
Calculate the required production in units for january : Ytruy Limited, Calculate the ending finished goods inventory in units for January. Calculate the required production in units for January.
How much is the maximum amount : How much is the maximum amount which could be included in Belle Inc.'s income before tax to reflect its "equity in earnings of the investee" for current year
Function of the entrepreneurial ecosystem : Discuss some ways in which attracting people might also affect a startup's ability to attract money, and/or vice versa.
Strategic alliances with firms : Many firms fail when they enter into strategic alliances with firms that link up with companies based in other countries.
Compute the manufactures march amount of ending inventory : How to compute the manufactures March amount of ending inventory under both absorption and variable costing if the FIFO inventory method was used.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd