Copper, Inc.s intern was working on the cash budget for May. The intern was called away suddenly for a family emergency. Coppers beginning inventory was $12,600 and its ending inventory was $12,000. If cost of goods sold is 55% of sales, what was the amount of budgeted monthly sales (if necessary, round your answer to the nearest dollar)?

Beginning cash balance Cash Receipts Total cash available to spend $ 1,800 151,800 153,600 Less Disbursements: Merchandise purchases Selling and administrative expenses Total cash disbursements 133,050 27,000 160,050 Cash excess (needed) Borrowing Ending cash balance (6,450) 7,950 $1,500