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How many candles should be included in inventory purchase

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Reference no: EM132806350

Cassie's Candles is preparing a quarterly inventory purchases budget for the year. The sales budget that forecasts the number of pairs of candles expected to be sold follows:

Sales (# of candles)

1st Quarter = 42,000
2nd Quarter = 40,000
3rd Quarter = 35,000
4th Quarter = 60,000

The inventory policy for the store is that the total amount of inventory required to be on hand at the end of a month should be 25% of the number of candles expected to be sold during the following month.

Problem 1: How many candles should be included in the inventory purchases budget for the second quarter?

Option 1: 38,750

Option 2: 41,250

Option 3: 48,750

Option 4: 50,000

Reference no: EM132806350

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