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At January 1, 2020, Marigold Inc. has beginning inventory of 4100 surfboards. Jake estimates it will sell 18000 units during the first quarter of 2020
At January 1, 2020, Marigold Inc. has beginning inventory of 4100 surfboards. Jake estimates it will sell 18000 units during the first quarter of 2020 with a 10% increase in sales each quarter. Marigolds policy is to maintain an ending inventory equal to 25% of the next quarters sales. Each surfboard costs $210 and is sold for $210. How many units should Marigold produce during the first quarter of 2020?
a) 18850
b) 18000
c) 15700
d) 13900
13900
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