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What amount of inventory would appear

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    Assignment ID: FG133135383

    Question – The Hawthorne Company buys tables for $140 and sells them for $260 each; the company has the following sales forecast:

    August 2,000 units

    September 2,800 units

    October 3,100 units.

    Ending inventory for each month should be 20% of the next month’s sales. The company had 36 units of inventory and $23,000 in cash on August 1st. The company has rent of $14,500 and fixed payroll of $38,200 each month. For August, what amount of inventory would appear in the company’s balance sheet budget?

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