DE23-7 Refer to the original Whitewater Sporting Goods example on pages 932-940. Suppose cost of goods sold

Question:

DE23-7 Refer to the original Whitewater Sporting Goods example on pages 932-940. Suppose cost of goods sold averages 65% of sales rather than 70%. Revise Whitewater's pur- chases, cost of goods sold, and inventory budget for April and May, What other components of Whitewater's master budget would be affected by the change in the budgeted cost of goods sold?

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