ACCOUNTING
Multiple Choice
Schultz Company expects to manufacture and sell 30,000 baskets in 20x4 for $6 each. There are 3,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. The company keeps no work-in-process inventory. What amount of sales revenue will be reported on the 20x4 budgeted income statement?
a. $174,000
b. $180,000
c. $186,000
d. $204,000
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