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The Lippart Company expects sales in 2021 of 207,000 units of serving trays
The Lippart Company expects sales in 2021 of 207,000 units of serving trays. Lippart's beginning inventory for 2021 is 18,000 trays, and its target ending inventory is 25,000 trays. Compute the number of trays budgeted for production in 2021. Select the labels and enter the amounts to calculate the units of finished goods (trays) to be produced. Units of finished goods to be produced
Budgeted unit sales Total required units
Add beginning finished goods inventory Add target ending finished goods inventory Deduct beginning finished goods inventory Deduct target ending finished goods inventory
Expert Solution
Compute the number of trays budgeted for production in 2021 as follows:
| Budgeted unit sales | 207,000 |
| Add: Target ending finished goods inventory | 25,000 |
| Total required units | 232,000 |
| Deduct: Beginning finished goods inventory | 18,000 |
| Required production units | 214,000 |
Therefore, the number of trays budgeted for production is 214,000 trays.
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