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Marlow Company produces hand tools. A production budget for the next four months is as follows: March 10,700 units, April 13,540, May 16,200, and June
Marlow Company produces hand tools. A production budget for the next four months is as follows: March 10,700 units, April 13,540, May 16,200, and June 21,200. Marlow Companys ending finished goods inventory policy is 5% of the following months sales. Marlow plans to sell 16,200 units in May. What is budgeted ending inventory for March?
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