Company policy is to have a finished goods inventory at the, Ask an Expert

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Superior Industries' sales budget shows quarterly sales for the next year as follows:
Quarter Sales (units)
First 10,000
Second 8,000
Third 12,000
Fourth 14,000

Company policy is to have a finished goods inventory at the end of each quarter equal to 20% of the next quarter's sales. what should be the Budgeted production for the second quarter ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M970030

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