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Copper, Inc.'s intern was working on the cash budget for May.The intern was called away suddenly for a family emergency.Copper's beginning inventory was $12,600 and

Copper, Inc.'s intern was working on the cash budget for May.The intern was called away suddenly for a family emergency.Copper's 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)?

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

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