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The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): The marketing department
The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account):
The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): Budgeted unit sales 1st Quarter 12,900 2nd Quarter 13,988 3rd Quarter 15,900 4th Quarter 14,900 The company expects to start the first quarter with 2,580 units In finished goods Inventory. Management desires an ending finished goods Inventory In each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods Inventory for the fourth quarter is 2,780 units. Required: 1. Calculate the required production In units of finished goods for the first quarter of the fiscal year. Complete this question by entering your answers in the tabs below. Required 3 Calculate the required production in units of finished goods for the first quarter of the fiscal year. 1st Quarter Required production in unitsStep by Step Solution
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