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Question - Budgeted sales for the first six months the year for Hooper Corporation are listed below:
UNITS:
JANUARY 5,000
FEBRUARY 6,000
MARCH 7,000
APRIL 6,000
MAY 4,000
JUNE 3,000
Hooper Corporation has a policy of maintaining an inventory of finished goods equal to 35 percent of the next month's budgeted sales. How many units has Hooper Corporation budgeted to produce in the first quarter of the year?
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