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Problem Set A connect Renfrow International manufactures and sells a single product. In preparing its master budget for the current quarter, the company's controller has
Problem Set A connect Renfrow International manufactures and sells a single product. In preparing its master budget for the current quarter, the company's controller has assembled the following information: Units Dollars Sales (budgeted) Finished goods inventory,beginning of quarter Cost of finished goods manufactured (assume a 28,000 ? Renfrow International used the average cost method of pricing its inventory of finished goods. Instructions Compute the following budgeted quantities or dollar amounts: a. Planned production of finished goods (in units) b Cost of finished goods manufactured. c. Ending finished goods inventory. (Remember that in using the average cost method you must first compute the average cost of units available for sale.)
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