When preparing a production budget if you are provided with


Question: When preparing a Production Budget, if you are provided with the information that ending inventory (in dollars) is 35% of the following month's cost of goods sold, and you are given COGS for January ($10,000), February ($12,000), and March ($11,000), how would you calculate January's beginning inventory?

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Accounting Basics: When preparing a production budget if you are provided with
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