The Managerial Accountant at the Chesapeake Bay Circuit Manufacturing Company

question 100

Multiple Choice

The managerial accountant at the Chesapeake Bay Circuit Manufacturing Company expects to sell 120,000 circuits in 2013 for $12 each.There are 5,000 circuits in beginning finished goods inventory with target ending inventory of $5,000 circuits.The company keeps no work-in-process inventory.
Required
Compute the amount of sales revenue reported on the 2013 budgeted income statement.

• A)$1,000,000
• B)$1,200,200
• C)$1,440,000
• D)$1,300,400
• E)$1,600,200