The management of Nicto Company plans to have an inventory at the end of each...
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Accounting
The management of Nicto Company plans to have an inventory at the end of each month equal to 20% of the next month's sales. Budgeted sales in units over the next three months are 80,000 in October, 120,000 in November, and 100,000 in December. Budgeted production for November would be:
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