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Based on the following, what is this company's desired BEGINNING inventory for June 1. You must show work for credit. Month Budgeted Sales April $400,000
Based on the following, what is this company's desired BEGINNING inventory for June 1. You must show work for credit.
Month Budgeted Sales
April $400,000
May $420,000
June $450,000
Cost of Goods Sold as a percentage of current 55%
month's sales
Desired Ending Inventory as a percentage of 15%
NEXT month's Cost of Goods Sold
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