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shusha
2 months ago
9

Armando Company produces and sells mattresses. It expects to sell 10,000 mattresses in the current year and had 1,000 mattresses

in finished goods inventory at the end of the previous year. Armando would like to complete operations in the current year with at least 1,250 completed mattresses in inventory. There is no ending work-in-process inventory. The mattresses sell for $300 each. What would be the total sales for the current year?
Business
1 answer:
Nady [3.6K]2 months ago
5 0

Response:

Total Sales= $3,000,000

Clarification:

Based on the following details:

The expectation is to sell 10,000 mattresses over the current year, with 1,000 mattresses available in finished goods inventory at the previous year's close. Armando aims to end this year with at least 1,250 finished mattresses in inventory. There won't be any leftover work-in-process inventory. Each mattress retails for $300.

Production:

Sales projected= 10,000

Ending inventory goal= 1,250

Beginning inventory= (1,000)

Total needed= 10,250

Sales therefore total= 10,000*300= $3,000,000

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