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A company started its business at the beginning of the year 2023. The...

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Accounting

A company started its business at the beginning of the year 2023. The company sets the unit selling price as 120% of cost of goods sold per unit. 40% of the payment for merchandise purchases is made with cash in the month of purchase, and 60% is expected to be paid in the following month.
The company maintains at the end of each month an inventory of 30% of the next month's cost of goods sold. Budgeted sales for the next three months are as follows.
\table[[January,$9,000
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