Question

Manson Inc. makes and sells handbags. In the first 4 months of the coming year, they...

Manson Inc. makes and sells handbags. In the first 4 months of the coming year, they expect the following unit sales:

January 20,000
February 24,000
March 22,000
April 29,000

Manson Inc. is to have 30% of next month's sales in ending inventory. On January 1, the beginning inventory was 6,000 handbags. Prepare a budget for the first quarter of the year.

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