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This is a budgeting Question, PLEASE SHOW THE WORKING SO I CAN UNDERSTAND AND LEARN . Thank You! BUDGETING - ADVANCED INVENTORY MANAGEMENT Patrick Marleau
This is a budgeting Question, PLEASE SHOW THE WORKING SO I CAN UNDERSTAND AND LEARN.
Thank You!
BUDGETING - ADVANCED INVENTORY MANAGEMENT Patrick Marleau Pty Ltd has budgeted sales for the coming months as follows: Create new question January February March April May 290,000 220,000 310,000 290,000 430,000 Patrick wants to avoid losing customers because of production hold-ups. In future, the company will maintain a finished goods inventory on hand equal to one-quarter (25%) of the following month's budgeted sales. At 31 December the company had finished goods stock of 10,000 units. REQUIRED: What is Patrick's total budgeted production for the three months Jan, Feb, March? ANSWER unitsStep by Step Solution
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