Flex-Tite manufactures plastic parts. The inventory policy at Flex-Tite is to hold inventory equal to 138 percent of the average monthly sales for its main product. Sales for the following year are expected to be 948,000 units. Based on the inventory policy, the budget calls for the production of 958,000 units.
Required:
What is the beginning inventory of the component? (Do not round intermediate calculations.)
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Flex-Tite manufactures plastic parts. The inventory policy at Flex-Tite is to hold inventory equal t...
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