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Bolton Footwear manufactures snow boots. On March 31, Bolton Footwear had 100 snow boots in inventory. The company has a policy that the ending inventory
Bolton Footwear manufactures snow boots. On March 31, Bolton Footwear had 100 snow boots in inventory. The company has a policy that the ending inventory in any month must be 10% of the following month's expected sales. Bolton Footwear expects to sell the following number of boots in each of the next four months: April...... 1,000 boots May. 1,170 boots June.. 1,360 boots July.... 1,250 boots Required: Prepare a production budget for the quarter, with a column for each month and for the quarter. (20 pts)
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