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The managerial accountant at the Chesapeake Bay Circuit Manufacturing Company expects to sell 120,000 circuits in 2013 for $12 each. There are 5,000 circuits in beginning finished goods inventory with target ending inventory of $5,000 circuits. The company keeps no work-in-process inventory.
Required
Compute the amount of sales revenue reported on the 2013 budgeted income statement.
A) $1,000,000
B) $1,200,200
C) $1,440,000
D) $1,300,400
E) $1,600,200
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Managerial Accounting: Decision Making and Motivating Performance

Managerial Accounting: Decision Making and Motivating Performance


Edition: 1st
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Managerial Accounting: Decision Making and Motivating Performance
University of Pittsburgh
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skully Author
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7 years ago
You're way better than my teacher, thanks Thumbs Up Sign
Managerial Accounting: Decision Making and Motivating Performance
University of Pittsburgh
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