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QUESTION
Biomedical Products anticipates sales of 58,000 units for the first six months of the year. Beginning inventory is maintained at 20 percent of...
Biomedical Products anticipates sales of 58,000 units for the first six months of the year. Beginning inventory is maintained at 20 percent of anticipated sales. Ending inventory will be equal to 24 percent of the projected sales of 70,000 units for the last six months of the year.
How many units should the firm produce during the first six months of the year?
