Crystal telecom has budgeted the sales of its innovative, Ask an Expert

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Crystal Telecom has budgeted the sales of its innovative mobile phone over the next four months as follows:

	Sales in Units
July		17,000
August		41,000
September		62,000
October		48,000

The company is now in the process of preparing a production budget for the third quarter. Past experience has shown that end-of-month finished goods inventories must equal 15% of the next month's sales.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9798379

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