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Calculate the budgeted beginning balance

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Question - The following forecasted sales pertain to David Company:

Month Sales

September $180,000

October 200,000

November 160,000

December 140,000

Collection pattern:

55 percent in month of sale

45 percent in month following sale

Accounts Receivable (August 31) $48,000

Finished Goods Inventory (August 31) 19,000

David Company has a selling price of $10 per unit and expects to maintain ending inventories equal to 25 percent of the next month's sales. Calculate the budgeted beginning balance in units for finished goods inventory on November 1?

Reference no: EM131809545

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