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BR Shirt Works is in the process of preparing its budget for next year. Cost...

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Accounting

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BR Shirt Works is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 60 percent of sales. Fabric purchases and payments are to be made during the month preceding the month of sale. Wages are estimated at 20 percent of sales and are paid during the month of sale. Other operating costs amounting to 25 percent of sales are to be paid in the month following the month of sales. Sales revenue is forecasted as follows: Month Sales February $220,000 March $225,000 April $230,000 $250,000 May June $255,000 What is the amount of budgeted fabric purchases during the month of March? What is the amount of budgeted fabric purchases during the month of March? Select one: a $132.000 Ob $150,000 Oc5144,000 d. 5138.000

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