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Madison Manufacturing is preparing a production budget. It has budgeted sales in units as follows: June 4,500 units July 7,100 units August 5,300 units September
Madison Manufacturing is preparing a production budget. It has budgeted sales in units as follows:
June | 4,500 | units | ||
July | 7,100 | units | ||
August | 5,300 | units | ||
September | 6,700 | units | ||
October | 3,700 | units | ||
Each month's ending inventory should be equal to 10% of the next month's sales in units. The inventory on May 31 contained 410 units. | ||||
On the production budget, the desired ending inventory for August is: |
Group of answer choices
670 units
530 units
710 units
370 units
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