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Joshua Hill, Bates & Hill Fabricators' production manager, has just received the company's sales budget for the first quarter. Company policy requires an ending finished
Joshua Hill, Bates & Hill Fabricators' production manager, has just received the company's sales budget for the first quarter. Company policy requires an ending finished goods inventory each month that will meet 17% of the following month's sales volume. Joshua plans to have 4, 760 finished bricks at a cost of $41, 650 in inventory at the beginning of the year. Prepare Bates & Hill's production budget for the first quarter
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