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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
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 Ending inventory Beginning inventory Budgeted sales 9,000 Budgeted production March April 5,000 14,000 19,000 (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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