Multiple Choice
Meadow Company produces hand tools.A sales budget for the next four months is as follows: March 10,000 units,April 13,000,May 16,000 and June 21,000.Meadow Company's ending finished goods inventory policy is 10% of the following month's sales.What is budgeted ending finished goods inventory for May?
A) 1,000
B) 1,300
C) 1,600
D) 2,100
Correct Answer:
Verified
Correct Answer:
Verified
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