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Compute the budgeted beginning balance in units

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Reference no: EM131810471

Question - The following forecasted sales pertain to Isaac 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

Isaac 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: EM131810471

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