Crayola Inc. is planning their production for next year. They wish to have an ending inventory of
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Question:
Crayola Inc. is planning their production for next year. They wish to have an ending inventory of 11% of next month's sales on hand at the end of each month. Their sales budget is shown below:
Jan sales, units 200,000
Feb sales, units 240,000
Mar sales, units 400,000
What is the production budget for January (in units)?
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt , Eugene F. Brigham
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