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Gucci Company has prepared the following forecasts of monthly unit sales: Gucci wants the number of units in its inventory at the end of each
Gucci Company has prepared the following forecasts of monthly unit sales: Gucci wants the number of units in its inventory at the end of each month to equal 25% of the nex month's sales. The budgeted sales price is $300 per unit. (1) How many units should be in July's beginning inventory? (2) What is the total budgeted production (in units) for the 3rd quarter? (show your work)
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