Kesselring Corporation makes one product and has provided the following information to help prepare the master budget for the next three months of operations: The ending finished goods inventory should equal 40% of the following month's sales. The budgeted finished goods inventory balance at the end of August is closest to:

Question

Kesselring Corporation makes one product and has provided the following information to help prepare the master budget for the next three months of operations:  The ending finished goods inventory should equal 40% of the following month's sales. The budgeted finished goods inventory balance at the end of August is closest to:

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The Answer of Kesselring Corporation makes one product and has provided the following information to help prepare the master budget for the next three months of operations:  The ending finished goods inventory should equal 40% of the following month's sales. The budgeted finished goods inventory balance at the end of August is closest to:

Kesselring Corporation Makes One Product and Has Provided the Following