Business, 27.07.2021 18:30 karkarntx

Bambino Sporting goods makes baseball gloves that are very popular in the spring and early summer season. Units sold are anticipated as follows: March 3,250
April 7,250
May 11,500
June 9,500
Total 31,500

If seasonal production is used, it is assumed that inventory will directly match sales for each month and there will be no inventory buildup. The production manager thinks the preceding assumption is too optimistic and decides to go with level production to avoid being out of merchandise. He will produce the 37,500 units over four months at a level of 9,375 per month.

Requied:
a. What is the ending inventory at the end of each month?
b. If the inventory cost $12 per unit and will be financed at the bank at a cost of 12%, what is the monthly financing cost and the total for the 4 months?

Answers: 2

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