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Question 11 of 12 Concord Company estimates that 2025 sales will be $44,800...

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Accounting

Question 11 of 12
Concord Company estimates that 2025 sales will be $44,800 in quarter 1,$53,760 in quarter 2, and $64,960 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending merchandise inventory equal to 10% of the next quarter's expected cost of goods sold.$
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