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Flex-Tite manufactures plastic parts. The inventory policy at Flex-Tite is to hold inventory equal to 123% of the average monthly sales for its main product.

Flex-Tite manufactures plastic parts. The inventory policy at Flex-Tite is to hold inventory equal to 123% of the average monthly sales for its main product. Sales for the following year are expected to be 858,000 units. Based on the inventory policy, the budget calls for the production of 868,000 units. Required: What is the beginning inventory of the component? (Do not round intermediate calculations.)

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