Meadow Company produces hand tools. A sales budget for the next four months is as...
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Meadow Company produces hand tools. A sales budget for the next four months is as follows: March 10,300 units, April 13,900 units, May 16,800 units, and June 21,100 units. Meadow Company's ending finished goods inventory policy is 15% of the following month's sales. What is budgeted ending finished goods inventory (units) for May? 3.165 2.520 1.545 2005
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