(Answered) Exerciseproduction budgetmountain high makes and sells

Accounting

Exercise

Production Budget

Mountain High makes and sells specialty mountain bikes. On June 30, the company had 50 bikes in finished-goods inventory. The company's policy is to maintain a bike inventory of 5 percent of the next month's sales. The company expects the following sales activity for the third quarter of the year:

Required:

What is the projected production for August?

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