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PLEASE FILL IN ACTUAL BLANKS OR MAKE VERY CLEAR!! TY! Exercise 23-8 Fuqua Company's sales budget projects unit sales of part 198Z of 10,200 units
PLEASE FILL IN ACTUAL BLANKS OR MAKE VERY CLEAR!! TY!
Exercise 23-8 Fuqua Company's sales budget projects unit sales of part 198Z of 10,200 units in January, 12,100 units in February, and 13,900 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $3 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2016. Prepare a production budget for January and February 2017 FUQUA COMPANY Production Budget January FebruaryStep by Step Solution
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