Micro Corporation has budgeted sales of its microchips for next four month as follows: Units...
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Accounting
Micro Corporation has budgeted sales of its microchips for next four month as follows: Units Sold April 20,000 May 25,000 June 35,000 July 40,000 The company is preparing a production budget for the third quarter. Ending inventory level must equal 20% of the next months sales. Required: a) Calculate the ending inventory as of March 31. b) Prepare a production budget for the third quarter by month and in total
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