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Chapter 6: THE MASTER BUDGET

Chapter 6: THE MASTER BUDGET

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Hester Company budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for the fiscal year of July 1 2004 through June 30 2005year of July 1, 2004 through June 30, 2005. 7-1-04 6-30-05 Raw material1 40,000 10,000 Work in process 8,000 8,000 Finished goods 30,000 5,000

  Year, Budget

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