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Paterson Industries sales budget shows quarterly sales for the next year as follows: Quarter 1-13,000; Quarter 2-11,000; Quarter 3-15,000; Quarter 4-17,000. Company policy is to

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Paterson Industries sales budget shows quarterly sales for the next year as follows: Quarter 1-13,000; Quarter 2-11,000; Quarter 3-15,000; Quarter 4-17,000. Company policy is to have a target finished-goods inventory at the end of each quarter equal to 20% of the next quarter's sales, Budgeted production for the second quarter of next year would be: O 1. 15,000 units O 2. 9,600 units O 3. 14,000 units O 4. 11,800 units

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