The expected gross profit rate is 30% and the inventory at the end of February...
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Accounting
The expected gross profit rate is 30% and the inventory at the end of February was $ 8,000.
Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold.
What is the desired beginning inventory on June 1?
up to Sander Enterprises prepared the following sales budget Month Budgeted Sales $9,000 April $10,000 May $12,000 $20,000 June The expected gross profit rate is 30% and the inventory at the end of February was sa 000 Det month's cost of goods sold What is the desired beginning inventory on June 1? A, $14,000 B. $1,800 SELEC C $2,520 D. $4.200
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