Question

At the beginning of the​ year, lakeview corporation has 630 life vests in inventory. the company wants to have 2,700 vests in inventory at the end of the year and plans to sell 6,200 life vests during the year. how many life vests must lakeview corporation produce during the​ year?

Answer 1

The company must produce 8,270 life vests during the year.

Step-by-step explanation:

Acording to the question we have the following data:

Beginning inventory = 630 life vests

Ending inventory = 2,700 life vests

Total sale of life vests = 6,200 life vests

Hence, Total life vests to be produced by the company during the year = Total sales of life vests + Ending inventory - Beginning inventory = 6,200+2,700-630 = 8,270 life vests.