Use the information below to answer the following question(s) .Layne Cedar manufactures cedar chests.The estimated number of chests for the first three months of 2019 is as follows:
Finished goods inventory at the end of December is 3,000 units.Ending finished goods are equal to 30 percent of next month's sales.April 2019 sales are expected to total 16,000 units.
-How many chests should be budgeted to be produced in the first quarter of 2019?
Definitions:
Limited Liability Partnership
A business entity where partners have limited liabilities, protecting their personal assets from business debts.
Conduct Business
The act of engaging in activities or operations that relate to the buying, selling, or providing of goods or services.
Sole Proprietor
is a business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.
Corporation
A legal entity that is separate from its owners, providing limited liability, and is able to own property, incur debt, sue and be sued.
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