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Question - WD Co. has forecast 2019-2020 sales as follows
Quarter
1
2
3
4
Budget Sales (units)
6000
8000
11,000
10,000
Unit selling price is $15. Each quarter's ending inventory is to be 20% of the following quarter's budgeted sales.
Required - Prepare the production budgets for the first three quarters of 2019-2020.
Inventories shall be measured at lower of cost and NRV. How much should MJE company account as Product B ending inventory
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Calculate the amount of cash that will be available to the stockholders if the accounts receivable are collected, the other assets are sold as described.
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