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Estimate the Purchase and Disbursements Schedules for four years based on the following assumptions: Unit Sales Price is a 40% markup on the Unit Cost
- Estimate the Purchase and Disbursements Schedules for four years based on the following assumptions:
- Unit Sales Price is a 40% markup on the Unit Cost of Goods Sold.
- You plan to hold Inventories equal to 110% of your estimate for next year's Sales.
- You pay for 90% of Purchases in the year in which they were purchased and the remainder in
- the following year.
- Inventory at the beginning of the First Year is $1,000,000.
Can anyone please help explain how to calculate COGS based on the in formation above ? Assuming Unit sales price is $5
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