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1. + -15 points My Notes + Ask Your Teacher Question 1: Production budget The firm's inventory policy is to have ending inventory equal to
1. + -15 points My Notes + Ask Your Teacher Question 1: Production budget The firm's inventory policy is to have ending inventory equal to 10% of next month's sales. Fill in the missing numbers. February March April Ending inventory | 2,000 Beginning inventory Budgeted sales 9,000 17,000 20,000 Budgeted production (If you get stuck on the beginning inventory for February: it is equal to the ending inventory for January, which you can compute with the available data on February sales)
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