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Meadow Company produces hand tools. A sales budget for the next four months is as follows: March 10,500 units, April 13,100, May 16,800 and June
Meadow Company produces hand tools. A sales budget for the next four months is as follows: March 10,500 units, April 13,100, May 16,800 and June 21,700. Meadow Companys ending finished goods inventory policy is 10% of the following months sales. What is budgeted ending finished goods inventory for May?
a) 2,170
b) 1,680
c) 1,310
d) 1,050
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