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Hoffman Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows:
Hoffman Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: Total sales Number of jars revenue sold 1st quarter..... $184,000 151,500 2nd quarter... $219,000 183,000 3rd quarter, ... $255,000 214,000 4th quarter... $195,000 162.500 Hoffman anticipates selling 225,000 jars with total sales revenue of $269,000 in the first quarter of the year following the year given in the table to the left. Hoffman has a policy that the ending inventory of jars must be 20% of the following quarter's sales. Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in total. Production Budget For the Upcoming Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Unit sales Desired ending inventory Total needed Enter any number in the edit fields and then click Check Answer. part
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