26. Empresas COVID expects their sales for the next three months to be: 10,000 units in January; 12,000 units in February; 14,000 units in March. At the end of each month you want to have a final inventory of finished products equal to 20% of the expected sales for the following month. Determine the ending inventory of finished products for the month of February to. 2,800 units. b. 2,000 units. c. 2,400 units. d. It cannot be determined. 27. Transfer prices occur between companies that have no organizational relationship but that sign a contract to set prices for products that company A buys from company B as part of its raw material. a. True. b. False. 28. A collection of related budgets is known as: a. Proforma Financial Statement. b. Flexible Budget. c. Static Budget d. Master Budget 29. A typical Production budget will consist of: to. Indirect Manufacturing Cost Budget. b. Direct Materials Budget and Direct Labor Budget. c. Direct Materials Budget, Direct Labor Budget and Indirect Manufacturing Costs Budget. d. Direct Materials Budget, Direct Labor Budget, Indirect Manufacturing Costs Budget and Sales and Administrative Expenses Budget