Samuelson has a beginning inventory balance on January 1 of 12,000 units and wants an ending balance
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Question:
Samuelson has a beginning inventory balance on January 1 of 12,000 units and wants an ending balance of 20% of next month's sales. If sales are expected to be 17,000 in January and 20,000 in February, Calculate what is the ending balance on January 31?
Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078025662
10th edition
Authors: Ronald Hilton, David Platt
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