Assume that a company provided the following information and assumptions from its master budget: Sales...
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Accounting
Assume that a company provided the following information and assumptions from its master budget: Sales budget: Unit sales in June, July, and August are 20,000, 18,000, and 17,000, respectively. The selling price per unit is $80. All sales are on account. 20% of sales are collected in the month of sale and 80% are collected in the next month. Production budget: The ending finished goods inventory is always 25% of next months unit sales. What is the required production in units for June?
Multiple Choice
19,000 units
20,500 units
19,500 units
21,000 units
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