Question 1: Production budget The firm's inventory policy is to have ending inventory equal to...
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Accounting
Question 1: Production budget The firm's inventory policy is to have ending inventory equal to 10% of next month's sales. Fill in the missing numbers.
February
March
April
Ending inventory
3,500
Beginning inventory
Budgeted sales
10,000
15,000
22,000
Budgeted production
(If you get stuck on the beginning inventory for February: it is equal to the ending inventory for January, which you can compute with the available data on February sales)
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