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Unformatted text preview: started the year with 1,200 units in inventory. Management desires an ending inventory each quarter equal to 20% of the next quarter’s sales. How many units should be purchased in the third quarter? Input your answer below using numeric characters without a dollar sign, comma or decimal point. ____10400 units ??-WRONG____DON= 8400 Question 4 Which of the following budgets must be completed after the cash budget has been prepared? Sales budget Purchases budget Budgeted balance sheet – pg. 928- final step??????? ===========...
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- Fall '07
- Balance Sheet, 20%, purchases budget, quar ter, Davis Corporation