Regency Rugs has prepared the following sales in units forecast for the first four months of the
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Regency Rugs has prepared the following sales in units forecast for the first four months of the year. January 110,000, February 130,000, March120,000, April 90,000, Regency purchases its rugs from a supplier and maintains an ending inventory equal to 5% of the next few months sales.
How many rugs should Regency plan on purchasing in March if there are 3,700 rugs in their January 1 inventory?
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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