Assume a merchandising company provides the following information from its master budget for the month of Moy? If the company maintains no beginning or ending merchandise imventory and makes all of its inventory purchases on account, what is the budgeted net operating income for May? the company maintains no beginning or ending merchandise inventory and makes alf of its inventory purchases on account, what is the budgeted net operating come for May? Mutiple Choice $39800 $27,000 $25.600 512,800