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  3. marty's merchandise has budgeted sales as follows

Marty's Merchandise has budgeted sales as follows for the second quarter of the year. April...

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Accounting

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Marty's Merchandise has budgeted sales as follows for the second quarter of the year. April $30,000 $60,000 une $50,000 May Cost of goods sold is equal to 70% of sales. The company wants to maintain a monthly ending inventory equal to 120% of the cost of goods sold for the following month. The inventory on March 31 was below this target and was only $22,000. The company is now preparing a Merchandise Purchases Budget for April, May, and June. The desired beginning inventory for June is: Multiple Choice $38,000 Multiple Choice $38,000 $50,000 $42,000 $35,000

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