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800 units 900 units chown that th

800 units 900 units chown that th

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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D Harden, Incorporated, has budgeted sales in units for the next five months as follows: June 9,000 units July 7,300 units August 9,100 units September 8,800 units October 6,900 units Past experience has shown that the ending inventory for each month should be equal to 20% of the next month's sales in units. The inventory on May 31 contained 1,800 units. The company needs to prepare a production budget for the next five months. The beginning inventory for September should be: O1,820 units O 1,800 units O 1,380 units O 1,760 units
Transcribed Image Text:D Harden, Incorporated, has budgeted sales in units for the next five months as follows: June 9,000 units July 7,300 units August 9,100 units September 8,800 units October 6,900 units Past experience has shown that the ending inventory for each month should be equal to 20% of the next month's sales in units. The inventory on May 31 contained 1,800 units. The company needs to prepare a production budget for the next five months. The beginning inventory for September should be: O1,820 units O 1,800 units O 1,380 units O 1,760 units
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