Problem - Reyes Merchandising Company has created the following sales forecast for the beginning of the upcoming fiscal year:
|
January
|
February
|
March
|
April
|
|
Budgeted unit sales
|
15.400
|
18.500
|
16,200
|
17.600
|
The company expects to start the year with 1,970 units in merchandise inventory. Management desires an ending merchandise inventory in each month equal to 15% of next month's budgeted unit sales. How many units of merchandise does Reyes expect to purchase for March?
a. 18,840
b. 16,410
c. 16,200
d. 18.155