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Benham Foundries manufactures metal components. The inventory policy at Benham is to hold inventory equal to 1 5 3 percent of the average monthly sales

Benham Foundries manufactures metal components. The inventory policy at Benham is to hold inventory equal to 153 percent of the average monthly sales for its main product. Sales for the main product for the following year are expected to be 498,000 units. Based on the inventory policy, the budget calls for the production of 468,000 units.
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What is the beginning inventory of the main product?

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