The Willsey Merchandise Company has budgeted $40,000 in sales for the month of December. The...
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| The Willsey Merchandise Company has budgeted $40,000 in sales for the month of December. The company's cost of goods sold is 40% of sales. If the company has budgeted to purchase $21,900 in merchandise during December, then the budgeted change in inventory levels over the month of December is: |
$5,900 increase
$2,100 decrease
$7,000 increase
$18,100 decrease
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