Although only 20 units are on hand at the beginning of the year, World Company plans...
Although only 20 units are on hand at the beginning of the year, World Company plans to sell 100 units during Year 2. Assuming the company desires an ending inventory of 10 units, it should plan to purchase 110 units.
True or False
Homework Answers
Answer- FALSE- The company should not plan to purchase 110 units, the calculation of purchase units is wrong. It should purchase 90 units instead of 110 units.
Units purchase = Closing units+ Sales units-Opening units
= 10 units+100 units-20 units
=90 units
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