Ferguson Corporation's budgeted sales for the upcoming quarter are $900,000. Its supporting budgets and schedules show a beginning finished goods inventory of $60,000, budgeted cost of goods manufactured of $480,000, and a projected ending finished goods inventory of $40,000. Its selling and administrative budget projects expenses of $250,000, Its budgeted interest expense is $10,000, and Its tax rate averages 40%. The company's budgeted gross profit for the upcoming quarter is $ The company's budgeted Income before taxes for the upcoming quarter Is $ The company's budgeted income taxes for the upcoming quarter are $ O The company's budgeted net income for the upcoming quarter is $ Read about this Do you know the