Question
Fosnight Enterprises prepared the following sales budget: Month Budgeted Sales March $6,000 April $13,000 May $12,000 June $14,000 The expected gross profit rate is 30%
Fosnight Enterprises prepared the following sales budget:
| Month | Budgeted Sales |
| March | $6,000 |
| April | $13,000 |
| May | $12,000 |
| June | $14,000 |
The expected gross profit rate is 30% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold.
What is the desired beginning inventory on June 1?
A. $1,680
B. $9,800
C. $1,960
D. $840
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Data Communications Network Auditing How To Save Hundreds Of Thousands Of Dollars And Still Improve Network Response Time Network Performance And Network Availability
Authors: Bruce Griffis
1st Edition
0936648937, 978-0936648934
