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11. Schultz Company expects to manufacture and sell 30,000 baskets in a 20x4 for $6 each. There are 3,000 baskets in the beginning finished goods inventory with target ending inventory of 4,0000 baskets. The company keeps no work-in-process inventory. What amount of sales revenue will be reported on the 20 x 4 budgeted income statement? a. $174,000 b. $186,000 c. $180,000 d. $204,000

11. Schultz Company expects to manufacture and sell 30,000 baskets in a 20x4 for $6 each. There are 3,000 baskets in the beginning finished goods inventory with target ending inventory of 4,0000 baskets. The company keeps no work-in-process inventory. What amount of sales revenue will be reported on the 20 x 4 budgeted income statement? a. $174,000 b. $186,000 c. $180,000 d. $204,000

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 13PB: Artic Camping Gears currently sells 35,000 units at $73 per unit. Its expenses are as follows:...
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11. Schultz Company expects to manufacture and sell 30,000 baskets in a 20x4 for $6 each. There are 3,000 baskets in the beginning finished goods inventory with target ending inventory of 4,0000 baskets. The company keeps no work-in-process inventory. What amount of sales revenue will be reported on the 20 x 4 budgeted income statement? a. $174,000 b. $186,000 c. $180,000 d. $204,000
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