Question
Question 1: Production budget The firm's inventory policy is to have ending inventory equal to 10% of next month's sales. Fill in the missing numbers.
Question 1: Production budget The firm's inventory policy is to have ending inventory equal to 10% of next month's sales. Fill in the missing numbers. February March April Ending inventory Incorrect: Your answer is incorrect. Incorrect: Your answer is incorrect. 3,500 Beginning inventory 0 Incorrect: Your answer is incorrect. Incorrect: Your answer is incorrect. Incorrect: Your answer is incorrect. Budgeted sales 11,000 14,000 22,000 Budgeted production Incorrect: Your answer is incorrect. Incorrect: Your answer is incorrect. Incorrect: Your answer is incorrect. (If you get stuck on the beginning inventory for February: it is equal to the ending inventory for January, which you can compute with the available data on February sales)
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