Crystal Telecom has budgeted the sales of its innovative mobile phone over the next four...
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Accounting
Crystal Telecom has budgeted the sales of its innovative mobile phone over the next four months as follows: The company is now in the process of preparing a production budget for the third quarter. Past experience has show that end-ofmonth inventories of finished goods must equal 10% of the next month's sales. The inventory at the end of June was 3,000 units. Required: Prepare a production budget for the third quarter showing the number of units to be produced each month and for the quarter in total
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