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What dollar amount of ending inventory would appear

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Reference no: EM133185183

Question - The Doyle Company buys microphones for $75 and sells them for $125 each; the company has the following sales forecast:

October 240 units

November 190 units

December 320 units

Ending inventory for each month should be 10% of the next month's sales. The company had 38 units of inventory and $136,000 in cash on October 1st. The company has rent of $2,500 and fixed payroll of $6,200 each month. For November, what dollar amount of ending inventory would appear in the company's budgets?

Reference no: EM133185183

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