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How would you calculate given month beginning inventory

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Reference no: EM131751924

Question: When preparing a Production Budget, if you are provided with the information that ending inventory (in dollars) is 35% of the following month's cost of goods sold, and you are given COGS for January ($10,000), February ($12,000), and March ($11,000), how would you calculate January's beginning inventory?

Reference no: EM131751924

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