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Marlow Company produces hand tools. A production budget for the next four months is as follows: March 10,400 units, April 13,670, May 16,600, and June
Marlow Company produces hand tools. A production budget for the next four months is as follows: March 10,400 units, April 13,670, May 16,600, and June 21,700. Marlow Company's ending finished goods inventory policy is 10% of the following month's sales. Marlow plans to sell 16,100 units in May. What is budgeted ending inventory for March? Multiple Choice 1,040 1,340 1,367 1,660
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