Jane's, Peter's, Joshua's, and Austin's monthly incomes are $600, $550, $650, and $700, respectively. Since they live together, each of them is obliged to pay $100 for household expenses every month.
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Meadow Company produces hand tools. A sales budget for the next four months is as follows: March 10,500 units, April 13,600, May 16,600 and June 21,000. Meadow Company's ending finished goods inventory policy is 10% of the following month's sales.
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