Sander Enterprises prepared the following sales budget: Sander Enterprises prepared the...
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Accounting
Sander Enterprises prepared the following sales budget:
| Sander Enterprises prepared the following sales budget:
The expected gross profit rate is 20% and the inventory at the end of February was $5,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What is the budgeted cost of goods sold for May? | |||||||||||
The expected gross profit rate is
2020%
and the inventory at the end of February was
$ 5 comma 000$5,000.
Desired inventory levels at the end of the month are
3030%
of the next month's cost of goods sold.
What is the budgeted cost of goods sold for May?
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