QUESTION24.

Eltham Pecans Company expects to grow, roast and sell 20,000 packets of pecans

in 2023 for $5 each. There are 4,000 packets in beginning finished goods

inventory with target ending inventory of 5,000 packets. The company keeps no work‐in‐process

inventory since the roasting process is done in batches

and finished by the end of each day.