Fill in the Blank QuestionFill in the blank question.A company expects to sell 500 units during the second quarter and 550 units in the third quarter. Currently, during the second quarter, they have 46 units in beginning inventory. If they desire ending inventory of 10% of the next quarter's sales, units will need to be produced in the second quarter.

A manufacturing company expects to sell 12,000 units in August and 15,000 units in September. The company desires to have an ending finished goods inventory of 80% of the next month's sales. If beginning finished goods inventory on August 1 is 8,000 units, then the company should produce units in August.

At the beginning of 2016, an inventory contains 55,000 units. It is estimated that 120,000 units will be used during the year. It is intended that inventory be reduced to 40,000 units at the end of the year. How many units should be purchased during the year? A. 65,000 B. 105,000 C. 115,000 D. 120,000 E. None of these.

A company's sales budget indicates the following sales: January: 25,000; February: 30,000; March: 35,000. Beginning inventory is 12,000 units and the company desires ending inventory of 45% of the next month's sales. Units to be produced in January will be .

Opening inventory consists of 1 000 units valued at R3 125 and comprises of the following purchases:28 February 2024250 units @ R2,90 per unit29 February 2024750 units @ R3,20 per unitPurchases for March 2024:DateQuantityUnit cost05 March800 unitsR3,30 per unit11 March650 unitsR3,35 per unit16 March700 unitsR3,40 per unitInventory issued to production during March:DateQuantity03 March500 units08 March900 units12 March750 unitsRequired:Assuming all purchase transactions were on cash, complete the journal entries for the above-mentioned transactions by selecting the appropriate accounts and related data, applying the FIFO method.Date DebitCredit  RR03 MarchBlank 1Blank 2  Blank 3 Blank 4 Units issued to production   Date DebitCredit  RR05 MarchBlank 5Blank 6  Blank 7 Blank 8 Inventory purchased   Date DebitCredit  RR08 MarchBlank 9Blank 10  Blank 11 Blank 12 Units issued to production   Date DebitCredit  RR11 MarchBlank 13Blank 14  Blank 15 Blank 16 Inventory purchased   Date DebitCredit  RR12 MarchBlank 17Blank 18  Blank 19 Blank 20 Units issued to production   Date DebitCredit  RR16 MarchBlank 21Blank 22  Blank 23 Blank 24 Inventory purchased

A manufacturer desires ending finished goods inventory of 5,000 units. Their budgeted unit sales are 20,000 units and beginning finished goods inventory is 3,000 units. The units to be produced isMultiple choice question.18,00022,00025,00030,000