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Exercise 21-8 Fuqua Company's sales budget projects unit sales of part 198Z of 10,200 units in January, 12,600 units in February, and 13,800 units in
Exercise 21-8 Fuqua Company's sales budget projects unit sales of part 198Z of 10,200 units in January, 12,600 units in February, and 13,800 units in March. Each unit of part 198Z requires 4 pounds of materials, which cost $3 per pound. Fuqua 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 2016 Prepare a production budget for January and February 2017. FUQUA COMPANY Production Budget January February LINK TO TEXT VIDEO: APPLIED SKILLS
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