Production budget - 10 minutes Cobalt Company shows the following estimates for the second quarter...
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Production budget - 10 minutes Cobalt Company shows the following estimates for the second quarter of its 2020 fiscal year: April May June Quarter Units sold 4,000 4,500 3,000 11,500 The company requires finished goods inventory on hand to be equal to 25% of the next month's expected sales. The company thinks it will begin April with 2,000 units in inventory. The company expects to sell 3,200 units in July Required: Prepare a production budget for the quarter
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