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Prepare a production budget for the first quarter

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Reference no: EM132701251

Problem - Patrick Inc. makes industrial solvents. In the first 4 months of the coming year, Patrick expects the following unit sales: Patrick's policy is to have 25% of next month's sales in ending inventory. On January 1, it is expected that there will be 6,700 drums of solvent on hand. Prepare a production budget for the first quarter of the year. Show the number of drums that should be produced each month as well as for the quarter in total.

Reference no: EM132701251

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