Covington produces a vitamin-enhanced dog food that is sold in Kansas. The company expects sales...
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Covington produces a vitamin-enhanced dog food that is sold in Kansas. The company expects sales to be 13,600 bags in January, 14,800 bags in February, 21,600 bags in March, and 23,900 bags in April. There are 1,230 bags on hand at the start of January. Covington desires to maintain monthly ending inventory equal to 15 percent of next months expected sales. Prepare the production budget for Covington for the months of January, February, and March.
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