Meadow Company produces hand tools. A sales budget for the next four months is as...
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Meadow Company produces hand tools. A sales budget for the next four months is as follows: March 10,400 units, April 13,000, May 16,100 and June 21,700. Meadow Companys ending finished goods inventory policy is 20% of the following months sales. What is budgeted ending finished goods inventory for May?
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