This is a timed exam someone please help!! Garver...
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Accounting
This is a timed exam someone please help!!
Garver Industries has budgeted the following unit sales: The finished goods units on hand on December 31,2019, was 2,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of $4 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. Instructions For the first quarter of 2020 , prepare a production budget. Desired ending finished goods units Total required units Less: Beginning finished goods units Required production units
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