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Trader Cycles manufactures chainless bicycles. On March 3 1 , Trader Cycles had 1 0 3 bikes in inventory. The company has a policy that

Trader Cycles manufactures chainless bicycles. On March 31, Trader Cycles had 103 bikes in inventory. The company has a policy that the ending inventory in any month must be 10% of the following month's expected sales. Trader Cycles expects to sell the following number of bikes in each of next four months: Prepare a production budget for the second quarter, with a column for each month and for the quarter.
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