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The inventory policy is to have ending inventory equal to 20% of next months sales. June July August Desired ending inventory ? ? ? Beginning
The inventory policy is to have ending inventory equal to 20% of next months sales.
| June | July | August | |
| Desired ending inventory | ? | ? | ? |
| Beginning inventory | ? | ? | ? |
| Budgeted sales | ? | 240 | 400 |
| Budgeted production | ? | ? | 380 |
Compute ending inventory for August
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Financial Accounting Theory
Authors: Craig Deegan, H. Bierman
4th Edition
0071013148, 978-0071013147
