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C-Cubed had the following information from the end of last year for its Mountain Bikes: Budgeted Bike Sales for October 115 bikes Budgeted Bike Sales
C-Cubed had the following information from the end of last year for its Mountain Bikes: Budgeted Bike Sales for October 115 bikes Budgeted Bike Sales for November 120 bikes Budgeted Bike Sales for December 100 bikes Desired Ending Finished Goods Inventory 5% of the following month's unit sales Cash Collected from Sales in November $40,000 Cash Available on November 1 $5,000 Cash Disbursements in November $25,000 Interest Received During November $500 Loan Payments Made During November $8,000 What was the required production for November? Multiple Choice 101 bikes 117 bikes 119 bikes 103 bikes
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