Required information [The following information applies to the questions displayed below.] A company makes one product...
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Required information [The following information applies to the questions displayed below.] A company makes one product and has provided the following information to help prepare the master budget. The budgeted selling price per unit is $70. Budgeted unit sales for January, February, March and April are 8,200, 13,000, 15,000, and 16,000 units, respectively. All sales are on credit. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month. The ending finished goods inventory equals 20% of the following month's unit sales. Required: 1. Calculate February's budgeted sales. Budgeted sales Required information [The following information applies to the questions displayed below.] A company makes one product and has provided the following information to help prepare the master budget. The budgeted selling price per unit is $70. Budgeted unit sales for January, February, March and April are 8,200, 13,000, 15,000, and 16,000 units, respectively. All sales are on credit. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month. The ending finished goods inventory equals 20% of the following month's unit sales. Required: 1. Calculate February's budgeted sales. Budgeted sales
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