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Please Help! Accounting Problem 5-32 Sandoval Furniture builds high end made drilling tables. Mackenzie Sandoval, the company's owner, has developed the following sales forecast for
Please Help! Accounting Problem 5-32
Sandoval Furniture builds high end made drilling tables. Mackenzie Sandoval, the company's owner, has developed the following sales forecast for 2015. Because of the time to create each table, Sandoval maintenance maintains an ending, Finished Goods Inventory of 20 percent of the following quarter's budgeted sales. Sandoval has been following inventory policy for several years. The company ended 2014 with 514 tables on hand. The standard cost card for a table is as follows. Prepare Sandoval production budget for 2015. Assume that the desired ending inventory for 2015 is 576 tablesStep by Step Solution
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