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Information pertaining to ABC Company's sales budget is as follows: ...

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Accounting

Information pertaining to ABC Company's sales budget is as follows:
October November December
Unit sales 1,800 2,000 2,800
Unit sale price $ 10.00
Credit card sales 60%
Cash sales 40%
Fees paid to credit card companies 3%
Cost of goods sold 40% of net sales
Note: Net sales is gross sales less fees paid to credit card companies.
Required:
Compute the budgeted sales revenue, cost of goods sold and (4 Marks)
gross margin for the month of November.

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