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Homework Answers
the projected production for august:
| august sales | 3000 |
| add: desired ending inventory (2700 september sales*10%) | 270 |
| less: opening inventory (10% of current month sales ) (3000*10%) | (300) |
| projected production for august | 2,970 |
working:
when desired ending inventory is 10% of next month's sales, opening inventory will be 10% of current month sales.
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Hi, please provide full explanations to this question.
Thanks!
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