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The inventory policy is to have ending inventory equal to 20% of next months sales....

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Question

Accounting

The inventory policy is to have ending inventory equal to 20% of next months sales.

June July August
Desired ending inventory ? ? ?
Beginning inventory ? ? ?
Budgeted sales ? 240 400
Budgeted production ? ? 380

Compute ending inventory for August

Group of answer choices

100

60

80

48

not enough information

Answer & Explanation Solved by verified expert
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