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Below is budgeted production and sales information for Fleming Company for the month of December:
Product X Product YEstimated beginning inventory 28,357 units 19,284 unitsDesired ending inventory 36,849 units 159,864 unitsRegion I, anticipated sales 324,332 units 250,643 unitsRegion II, anticipated sales 193,704 units 149,049 units
What are the budgeted sales for the month?
What is the effect on cost of goods sold, gross profit, and net income if ending merchandise inventory is understated
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