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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 $300,000
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 | $300,000 | |||
May | $350,000 | |||
June | $370,000 | |||
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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