1.State Logos buys logo-imprinted merchandise and then sells it to university bookstores. Sales are expected to be $2,003,000 in September, $2,210,000 in October, $2,378,000 in November, and $2,500,000 in December. State Logos sets its prices to earn an average 30% gross profit on sales revenue. The company does not want inventory to fall below $425,000 plus 10% of the next month's cost of goods sold.

what is cost of goodssold, inventory, and purchases budget for the months of October and November.

P9-59A (similar to) 55 Question Help {In State Logos buys logo-imprinted merchandise and then sells lH'D university bookstores. Sales are expected to be $2,003,000 in September. 52210000 in October. 9.373.000 in NovemberI and $2,500,000 in December. State Logos sets its prices to eam an average 30% gross prot on sala revenue. The company does not want inventory to fall below $425,000 plus 10% at the next month's cost of goods sold. Prepare a cost ofgoods sold. inventory: and purchases budget for the months of October and November. State Logos Cost of Goods Sold. Inventory, and Purchases Budget For the Months ofOctober and November October November Cost of goods sold Plus: Desired ending inventory Total inventory required Less: Beginning inventory Purcham 89-1 3 (similar t0) 55 Question Help {3 The low] grocery store expects that customers will use aedil cards to pay fora total ot 30,000 sales transactions during the month of April' These transactions are expected to amount to $4,000,000 in total sali revenue. The edit card iuers marge the store a transaction fee equal to 50.40 per transaction plus 2.5% of the amount charged. When budgeting for operating expenses in April, how much should the store expect no incur for credit card transaction fees? The store should anticipate $ for credit Lard transaction fees