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What is budgeted ending finished goods Inventory for May

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Problem - Meadow Company produces hand tools. A sales budget for the next four months is as follows: March 10,000 units, April 13,000, May 16,000 and June 21,000. Meadow Company's ending finished goods inventory policy is 10% of the following month's sales. What is budgeted ending finished goods Inventory for May?

Reference no: EM132918684

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