(Answered) Question - totz company produces jump ropes totz company

Accounting

Question - Totz Company produces jump ropes. Totz Company has the following sales projections for the upcoming year:

First quarter budgeted jump rope sales in units 17,000

Second quarter budgeted jump rope sales in units 20,000

Third quarter budgeted jump rope sales in units 20,000

Fourth quarter budgeted jump rope sales in units 25,000

Inventory at the beginning of the year was 4500 jump ropes. Totz Company wants to have 20% of the next quarter's sales in units on hand at the end of each quarter. How many jump ropes should Totz Company produce during the first quarter?

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