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1. [-/5 Points] DETAILS Question 1: Production budget The firm's inventory policy is to have ending inventory equal to 10% of next month's sales.
1. [-/5 Points] DETAILS 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 Ending inventory March April 5,000 Beginning inventory Budgeted sales 10,000 16,000 14,000 Budgeted production MY NOTES ASK YO (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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