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Julian, Inc., makes and sells drum sets. Hope Smith, controller, is responsible for preparing the master budget. The sales manager has given Hope the following
Julian, Inc., makes and sells drum sets. Hope Smith, controller, is responsible for preparing the master budget. The sales manager has given Hope the following sales forecast for the coming month. Julian expects to have 5,240 drum sets in ending inventory on March 31. The company's policy is to carry 44 percent of the following month's projected sales in ending inventory. Prepare Julian's production budget for the second quarter
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