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Cost of goods sold is expected to be 70% of sales. ...

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Accounting

Cost of goods sold is expected to be 70% of sales.
Hampton's policy is to maintain an ending inventory equal to 25% of the next month's projected cost of goods sold.
Supplier requires that hampton's pay for 60% of inventory purchases in the month of purchase and pay the remaining 40%
the following month.
Jan sales =200,000
From hamton's sales budget
Sales Month
Budgeted Sales
Hampton Hams Company
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