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JVL, Inc. expects the following sales of its single product: Required: JVL has an ending finished goods inventory policy of 30% of the next month's
JVL, Inc. expects the following sales of its single product: Required: JVL has an ending finished goods inventory policy of 30% of the next month's sales needs. September 1 inventory is projected to be 6,400 units. Each finished unit requires 2 units of Component X and 3 units of Component Z. August 1 materials inventory includes 5,000 units of Component X and 143,000 units of Component Z. JVL desires to maintain a Component X inventory equal to 10% of next month's production needs and a Component Z inventory equal to 20% of next month's production needs. a. Prepare a production budget for JVL for the quarter ending December 31
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