Question

The Swivel Chair Company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 147,000 chairs. During the month, the firm completed 180,000 chairs and transferred them to the Finishing Department. The firm ended the month with 21,000 chairs in ending inventory. How many chairs were in inventory at the beginning of the month

Answer 1

54,000 chairs

Step-by-step explanation:

Beginning Inventory = Units Completed + ending inventory - Units started

= 180,000 + 21,000 - 147,000

= 54,000

So the inventory of at the beginning of the month was 54,000 chairs