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What is budgeted ending finished goods inventory for may

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Reference no: EM132762652

Problem1 : Meadow Company produces hand tools. A sales budget for the next four months is as follows: March 10,900 units, April 13,400, May 16,800 and June 21,200. Meadow Company's ending finished goods inventory policy is 10% of the following month's sales. What is budgeted ending finished goods inventory for May?

Option 1: 1,090
Option 2: 1,680
Option 3: 2,120
Option 4: 1,340

Reference no: EM132762652

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