Multiple Choice
Molina Company has the following sales forecast for the next quarter: April, 20,000 units; May, 24,000 units; June, 28,000 units. Sales totaled 16,000 units in March. The March finished goods inventory was 4,000 units. End-of- month finished goods inventory levels are planned to be equal to 20 percent of the next month's planned sales. The planned ending inventory of finished goods for May is
A) 5,600 units.
B) 4,000 units.
C) 5,000 units.
D) 3,200 units.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: If production was budgeted at 400 units
Q11: Laramie, Inc., has an operating environment with
Q13: Walterboro, Inc., has done a cost analysis
Q17: Quicksand Corporation has a sales budget for
Q19: Figure 8-3<br>Roaming Vehicles Company manufactures buggies. Manufacturing
Q35: Discuss the features of an ideal budgetary
Q40: The master budget is composed of the
Q105: A flexible budget is sometimes referred to
Q128: Activity-based budgets<br>A)use the knowledge of cost behavior
Q174: A static budget is one developed for