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Cost of goods sold is expected to be 7 0 % of sales. Hampton's policy is to maintain an ending inventory equal to 2 5
Cost of goods sold is expected to be of sales.
Hampton's policy is to maintain an ending inventory equal to of the next month's projected cost of goods sold.
Supplier requires that hampton's pay for of inventory purchases in the month of purchase and pay the remaining
the following month.
Jan sales
From hamton's sales budget
Sales Month
Budgeted Sales
Hampton Hams Company
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