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A company sells a single product and has budgeted sales for the next four months as follows: April May June July Unit Sales 86,000 90,000
A company sells a single product and has budgeted sales for the next four months as follows: April May June July Unit Sales 86,000 90,000 126,000 98,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 10% of the following month's unit sales. The inventory at the end of March was 8,600 units.
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