Layne Cedar manufactures cedar chests. The estimated number of chests for the first three months of 20x4 are as follows:
Month Sales
----- -----
January 10,000
February 14,000
March 13,000
Finished goods inventory at the end of December is 4,000 units. Ending finished goods are equal to 40 percent of next month's sales. April 20x4 sales are expected to total 16,000 units. What will be the number of chests produced in February 20x4?
a. 15,600 chests b. 14,000 chests c. 11,600 chests d. 8,400 chests e. none of the above
