Home / Questions / PRODUCTION BUDGET Jimison Inc produces spiral-bound notebooks The unit sales for the first...
PRODUCTION BUDGET
Jimison Inc. produces spiral-bound notebooks. The unit sales for the first four months of the year for this product is as follows:
Company policy requires that ending inventories for each month be 15 percent of next month’s sales. However, at the beginning of January, due to greater sales in December than anticipated, the beginning inventory of notebooks is only 12,000.
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