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Armando Company produces and sells mattresses. It expects to sell 10,000 mattresses in the year 2017 and had 1,000 mattresses in finished goods inventory at
Armando Company produces and sells mattresses. It expects to sell 10,000 mattresses in the year 2017 and had 1,000 mattresses in finished goods inventory at the end of 2016. Armando would like to complete operations in the year 2017 with at least 1,250 completed mattresses in inventory. There is no ending work-in-process inventory. The mattresses sell for $300 each.
How many mattresses would be produced in the year 2015?
10,000 mattresses
11,000 mattresses
11,250 mattresses
10,250 mattresses
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