Gorberchev Food Processing Expects to Have 20,000 Units of Finished

question 8

Multiple Choice

Gorberchev Food Processing expects to have 20,000 units of finished goods inventory on hand on March 31 and reports the following expected sales (in units) for the months of April through July:At the end of each month the company desires its ending finished goods inventory to be 20% of the next month's projected sales (in units) .

The budgeted production (in units) for Gorberchev Food Processing for April should be:

• A) 112,000.
• B) 120,000.
• C) 127,200.
• D) 128,000.
• E) 142,000.

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Definitions:

Shareholders

Individuals or entities that own shares in a corporation, giving them a stake in the company's assets and earnings.

Settlers

Individuals or groups who move into a new country or area to live, often leading to the establishment of new communities.

Jamestown

The initial lasting settlement of the English in North America, founded in 1607 in Virginia.

Farming

The practice of cultivating the land and raising livestock to produce food and other agricultural products.