Question: Otto Enterprises produces ceiling fans for industrial use Otto estimates
Otto Enterprises produces ceiling fans for industrial use. Otto estimates quarterly sales of 50,000; 45,000; 60,000; 55,000; and 65,000 for the next five quarters. Otto desires an ending finished goods inventory equal to 10 percent of the expected sales in the next quarter. Otto Enterprises currently has an inventory of 10,000 ceiling fans. How many ceiling fans should Otto produce each quarter next year?
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