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Penny Ltd. expect expects to manufacture and sell 20,000 product A in 20X1 for $6 each. There are 4,000 units product A in beginning finished

Penny Ltd. expect expects to manufacture and sell 20,000 product A in 20X1 for $6 each. There are 4,000 units product A in beginning finished goods inventory with target ending inventory of 5,000 units. The company keeps no work-in-process inventory. What amount of sales revenue will be reported on the 20X1 budgeted income statement?

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