SOLUTION: The management of Nicto Company plans to have an inventory at the end of each month equal to 20% of the next month's sales. Budgeted sales in units over the next three months are 8

Question 1073528: The management of Nicto Company plans to have an inventory at the end of each month equal to 20% of the next month's sales. Budgeted sales in units over the next three months are 80,000 in October, 120,000 in November, and 100,000 in December. Budgeted production for November would be:
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
plan is to have inventory at the end of each month equal to 20% of next month's sales.

budget sales in units over the next three months are 80,000 in october, 120,000 in november, and 100,000 in december.

budgeted production for:

september would be 16,000.
october would be 24,000.
november would be 20,000.

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