Answer:
$120,000
Explanation:
The correct question should be :
Mary's Baskets Company expects to manufacture and sell 20,000 baskets in 2019 for $ 6 each. There are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. The company keeps no work-in-process inventory. What amount of sales revenue will be reported on the 2019 budgeted income statement?
SOLUTION
Given
budgeted goods to manufacture = 20,000
budgeted sale = 20,000
budgeted price = $ 6 each
To determine the amount of sales revenue on the 2019 budgeted income statement = budgeted sale × budgeted price
= 20000 × 6
= $120,000
