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Review problem on business sells sunglasses

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Question: Assume a business sells sunglasses. Estimated sales are: July: 15,000 units, August: 20,000 units and September: 10,000 units and October: 5,000 units. Management requires that there should be 20% of the next month's sales available at the end of each month. July will begin with 3,000 units on hand. The sunglasses cost $12.00 per unit. Complete the following schedule


 July August September October
Unit Sales 15,000 20,000 10,000 5,000
Required ending inventory



Total Units needed



Beginning inventory on hand 3,000


Total Units to purchase



Cost per unit: 12.00 12.00 12.00 12.00
Budgeted cash requirement:



Reference no: EM131752685

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