roger company sells 50,000 units of product R in the first quarter. 40,000 units in the...
roger company sells 50,000 units of product R in the first quarter. 40,000 units in the second quarter and 30,000 units in the third quarter. Quarter ending inventory is determined to be 20% of next quarter sales. What will be Roger's beginning inventory for the third quarter
a) 8000
b) 6000
c)10,000
d) 12,000
Homework Answers
The correct answer is
B) 6000
Explaination
Beginning inventory of third quarter
= (20% * third quarter sales in units)
= 20% *30000
= 6000 Units
Thus the correct answer is 6000
Note
the 2nd quarter ending inventory will become beginning inventory for 3rd quarter, as ending inventory for 2nd quarter will be 20 % of third quarter sales, wby which the above calculation is based.
Thank You
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