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COVID 19 Co produces hand tools. A sales budget for the next four months is as follows: March 10,700 units, April 13,600, May 16,200 and
COVID 19 Co produces hand tools. A sales budget for the next four months is as follows: March 10,700 units, April 13,600, May 16,200 and June 21,200. COVID 19 Co's ending finished goods inventory policy is 10% of the following month's sales. What is budgeted ending finished goods inventory for March? Select one: a. 1620 O b. 1360 C. 2120 d. 1070 COVID 19 Co. has forecast purchases on account to be $310,000 in March, $373,000 in April, $424,000 in May, and $495,000 in June. Sixty percent of purchases are paid for in the month of purchase, the remaining 40% are paid in the following month. What are budgeted cash payments for June? Select one: a. $380,800 O b. $466,600 O C. $121,800 O d. $347,800
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