Kesselring Corporation Makes One Product and Has Provided the Following

Multiple Choice

Kesselring Corporation makes one product and has provided the following information to help prepare the master budget for the next three months of operations: The ending finished goods inventory should equal 40% of the following month's sales. The budgeted finished goods inventory balance at the end of August is closest to:

A) $358,192
B) $150,304
C) $304,512
D) $454,816