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Oriental Lamp Co. manufactures lamps. The estimated number of lamp sales for the last three months of 2020 are as follows: Units October 10,000 November
Oriental Lamp Co. manufactures lamps. The estimated number of lamp sales for the last three months of 2020 are as follows:
Units
October
10,000
November
14,000
December
13,000
Finished Goods Inventory at the end of September was 3,000 units.
Ending Finished Goods Inventory is budgeted to equal 25% of the next months sales.
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