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On September 30 of Year 1, Julian Company had finished goods inventory of 1,000 units. Starting in October, Julian intends to have an inventory policy of maintaining ending inventory at the end of every month equal to the next month's sales. For example, ending inventory at the end of October should be equal to forecasted sales in November. Forecasted sales for the months October, Year 1 through January, Year 2 are as follows. October 2,300 units November 3,000 units December 1,000 units January 700 units Problem 1: What is the amount of budgeted PRODUCTION for October?
Option 1: 3,300 unitsOption 2: 4,300 unitsOption 3: 5,300 unitsOption 4: 2,000 unitsOption 5: 3,000 units
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