27) 27) Martin Company sells a certain product for $15 per unit. The beginning inventory is 40,000 units. and the desired ending inventory is 32,000 units. If budgeted production is 100,000 units, what is the forecasted sales revenue from the product? A) $1,620,000 B) $1,500,000 C) $1,600,000 D) $1,380,000 28) Yokeley Enterprises recorded sales of $160,000 during March. Management expects sales to increase 5% in April, 3% in May, and 5% in June. Cost of goods sold is expected to be 70% of sales. What is budgeted gross profit for June? A) $127,184 B) $54,508 C) $112,000 D) $181,692 29) 29) Liu Electronics budgeted sales of $400,000 for the month of November and cost of goods sold equal to 65% of sales. Beginning inventory was $80,000 and ending inventory is estimated at $72,000. How much are the budgeted purchases for November? A) $264,800 B) $252,000 C) $265,200 D) $254,800