At the beginning of the year, lakeview corporation has 630 life vests in inventory. the company wants to have 2,700 vests in inventory at the end of the year and plans to sell 6,200 life vests during the year. how many life vests must lakeview corporation produce during the year?

Question

Caitlyn

Business

8 June, 02:03

At the beginning of the year, lakeview corporation has 630 life vests in inventory. the company wants to have 2,700 vests in inventory at the end of the year and plans to sell 6,200 life vests during the year. how many life vests must lakeview corporation produce during the year?

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Answers (1)

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Arjun Collins · Answer 1

The company must produce 8,270 life vests during the year.

Explanation:

Acording to the question we have the following dа ta:

Beginning inventory = 630 life vests

Ending inventory = 2,700 life vests

Total sale of life vests = 6,200 life vests

Hence, Total life vests to be produced by the company during the year = Total sales of life vests + Ending inventory - Beginning inventory = 6,200+2,700-630 = 8,270 life vests.