Multiple Choice
Tumbi Umbi Company expects to manufacture and sell 30 000 baskets in 2018 for $6 each.There are 3000 baskets in beginning finished goods inventory with target ending inventory of 4000 baskets.The company keeps no work-in-process inventory.What amount of sales revenue will be reported on the 2018 budgeted income statement?
A) $186 000
B) $180 000
C) $174 000
D) $204 000
Correct Answer:
Verified
Correct Answer:
Verified
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