Benham Foundries manufactures metal components. The inventory policy at Benham is to hold inventory equal to 150
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Benham Foundries manufactures metal components. The inventory policy at Benham is to hold inventory equal to 150 percent of the average monthly sales for its main product. Sales for the main product for the following year are expected to be 480,000 units. Based on the inventory policy, the budget calls for the production of 450,000 units.
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What is the beginning inventory of the main product?
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