Figure 8-2
Asian Lamp Company manufactures lamps. The estimated number of lamp sales for the last three months of 2016 are as follows:
Finished goods inventory at the end of September was 3,000 units. Ending finished goods inventory is budgeted to equal 25 percent of the next month's sales. Asian Lamp expects to sell the lamps for $25 each. January 2016 sales is projected at 16,000 lamps.
-Refer to Figure 8-2. How many lamps should be produced in October?
A) 10,000 lamps
B) 14,000 lamps
C) 9,500 lamps
D) 10,500 lamps

Question

Figure 8-2
Asian Lamp Company manufactures lamps. The estimated number of lamp sales for the last three months of 2016 are as follows:
  Finished goods inventory at the end of September was 3,000 units. Ending finished goods inventory is budgeted to equal 25 percent of the next month's sales. Asian Lamp expects to sell the lamps for $25 each. January 2016 sales is projected at 16,000 lamps.
-Refer to Figure 8-2. How many lamps should be produced in October?
A) 10,000 lamps 
B) 14,000 lamps 
C) 9,500 lamps 
D) 10,500 lamps

Quizplus · Accepted Answer

The Answer of Figure 8-2
Asian Lamp Company manufactures lamps. The estimated number of lamp sales for the last three months of 2016 are as follows:
  Finished goods inventory at the end of September was 3,000 units. Ending finished goods inventory is budgeted to equal 25 percent of the next month's sales. Asian Lamp expects to sell the lamps for $25 each. January 2016 sales is projected at 16,000 lamps.
-Refer to Figure 8-2. How many lamps should be produced in October?
A) 10,000 lamps 
B) 14,000 lamps 
C) 9,500 lamps 
D) 10,500 lamps

Figure 8-2 Asian Lamp Company Manufactures Lamps. the Estimated Number of Lamp