Use the Following Information for the Next 2 Questions

question 111

Multiple Choice

Use the following information for the next 2 questions.
Ray Company's projected sales budget for the next four months is as follows: Beginning inventory for the year is 27,000 units. Ending inventory for each month should be 30% of the next month's sales.
-How many units should the company produce in January?

• A) 106,000
• B) 90,000
• C) 70,000
• D) 78,000

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Definitions:

Equal Credit Opportunity Act

A U.S. federal law aimed at ensuring fair access to credit for all individuals, prohibiting discrimination based on various factors.

Public Assistance Benefits

Governmental financial aid provided to individuals and families in need for basic living expenses, such as food and housing.

Creditors

Individuals or entities entitled to receive payment or repayment from a debtor, typically in relation to a financial loan or borrowings.

Food Safety Act

Legislation aimed at ensuring the safety and wholesomeness of food by setting down legal obligations regarding food handling, preparation, and storage.