The following information is available for Tomlin Company. April 1 April 30 Raw materials inventory $10,000 $14,400 Work in process inventory 4,830 3,290 Materials purchased in April $97,900 Direct labor in April 80,300 Manufacturing overhead in
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Tyler Co. predicts the following unit sales for the next four months: April, 3,100 units; May, 4,900 units; June, 7,000 units; and July, 2,800 units. The company's policy is to maintain finished goods inventory equal to 30% of the next month's sales.
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