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2 Benham Foundries manufactures metal components. The inventory policy at Benham is to hold inventory equal to 147 percent of the average monthly sales for
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Benham Foundries manufactures metal components. The inventory policy at Benham is to hold inventory equal to 147 percent of the average monthly sales for its main product. Sales for the main product for the following year are expected to be 462,000 units. Based on the inventory policy, the budget calls for the production of 432,000 units. Required: What is the beginning inventory of the main productStep by Step Solution
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