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Can someone who knows how to do production budgets help me? Ivanhoe Company's sales budget projects unit sales of part 198Z of 10,000 units in
Can someone who knows how to do production budgets help me?
Ivanhoe Company's sales budget projects unit sales of part 198Z of 10,000 units in January, 12,400 units in February, and 13,300 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $5 per pound. Ivanhoe Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2019. (a) Prepare a production budget for January and February 2020. (b) The parts of this question must be completed in order. This part will be available when you complete the part above: IVANHOE COMPANY Production Budget eTextbook and Media Saveforiater Attempts: 0 of 3 used 5ubmit Answor Step by Step Solution
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