Hike N' Run makes running socks. We budget sales for the 1st Quarter at 76,800...
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Hike N' Run makes running socks. We budget sales for the 1st Quarter at 76,800 pairs and 2nd Quarter at 62,400 pairs and plan to maintain 50% of next quarter's sales in Ending Finished Goods Inventory. December 31 finished goods inventory is estimated at 38,400 pairs of socks. How many sock pairs do we need to produce in 1st Quarter?
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