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Fosnight Enterprises prepared the following sales budget: Month March April Budgeted Sales $9,000 $11,000 $13,000 $15.000 May June The expected gross profitrate is 30% and
Fosnight Enterprises prepared the following sales budget: Month March April Budgeted Sales $9,000 $11,000 $13,000 $15.000 May June The expected gross profitrate is 30% and the inventory at the end of February was $13,000. Desired Inventory levels at the end of the month are 20% of the next month's cost of goods sold What is the desired ending inventory on May 31? O A $10,500 O B. $2,100 O C. $900 OD. $1,820
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