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3 February, 09:48

In a production budget, if the number of units expected to be sold during the year is 8,000, the number of units desired in ending inventory is 470 units, and the number of units in beginning inventory is 510 units, the total production for the year is

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  1. 3 February, 09:56
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    Production = 7,960 units

    Explanation:

    Giving the following information:

    Sales = 8,000 units

    Desired ending inventory = 470 units

    Beginning inventory = 510 units

    To calculate production, we need to use the following formula:

    Production = sales + desired ending inventory - beginning inventory

    Production = 8,000 + 470 - 510

    Production = 7,960 units
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