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Bro Company has a sales budget for next month of $ 4 0 0 , 0 0 0 . Cost of goods sold is expected

Bro Company has a sales budget for next month of $400,000. Cost of goods sold is expected to be 25 percent of sales. All goods are paid for in the month following purchase. The beginning inventory of merchandise is $40,000, and an ending inventory of $48,000 is desired. Beginning accounts payable is $413,000. Bro Company has a sales budget for next month of $400,000. Cost of goods sold is expected to be 25 percent of sales. All goods are paid for in the month following purchase. The beginning inventory of
merchandise is $40,000, and an ending inventory of $48,000 is desired. Beginning accounts payable is $413,000.
The cost of goods sold for next month is expected to be:
Select one:
_ $300,000
b. $100,000
c. $102,000
$103,250
The cost of goods sold for next month is expected to be:
Select one:
a.
$300,000
b.
$100,000
c.
$102,000
d.
$103,250
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