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Howard Industries' sales budget shows quarterly sales for the next year as follows: Quarter 1,15,000;...

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Accounting

Howard Industries' sales budget shows quarterly sales for the next year as follows: Quarter 1,15,000; Quarter 2,13,000; Quarter 3,17,000; Quarter 4,19,000. Company policy is to have a target finished-goods inventory at the end of each quarter equal to 15% of the next quarter's sales. What would be the budgeted production for the second quarter of next year?
11,650 units;
17,000 units;
15,550 units
13,600 units;
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