Question: [-/5 Points) DETAILS MY NOTES Question 1: Production budget The firm's inventory policy is to have ending inventory equal to 10% of next month's sales.
[-/5 Points) DETAILS MY NOTES Question 1: Production budget The firm's inventory policy is to have ending inventory equal to 10% of next month's sales. Fill in the missing numbers. February March April Ending inventory 1,500 Beginning inventory Budgeted sales 12,000 13,000 19,000 Budgeted production (If you get stuck on the beginning inventory for February: it is equal to the ending inventory for January, which you can compute with the available data on February sales)
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