Last Name: First Name: Ruixum July August September Section Number: A01: A02: A03: Stadent 1 8:30-9:50 MW MW 11:00-12:20 MW 12:30-13:50 ACCTG 322 Fall 2023 In-class Assignment #4 November 29, 2023 Answer each requirement in the space provided. Streuling Enterprises manufactures a single product. Management is now preparing detailed budgets for the third quarter, July through September. The Marketing Department has estimated sales as the follows for the remainder of the year (number of units): 25,000 units 40,000 units 65,000 units October November December 45,000 units 35,000 units 30,000 units The inventory of finished goods at the end of each month must be equal to 20% of the next month's sales. On June 30, the finished goods inventory totals 5,000 units. Each unit of the product requires 3 kilograms of material C123. Since the production of this specialized material by the company's suppliers is sometimes irregular, the company has a policy of maintaining an ending inventory at the end of each month equal