Kemmerly Company opens in September and plans to purchase wallets for $15 and sell them...
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Accounting
Kemmerly Company opens in September and plans to purchase wallets for $15 and sell them for $20 per wallet. Kemmerly Company maintains ending inventory of 25% of next months sales. They plan to sell 1,800 units in September, 2,000 in October, and 2,250 in November. What dollar amount of inventory should be recorded on the balance sheet budget for September
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