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Fosnight Enterprises prepared the following sales budget: Month March April Budgeted Sales $6,000 pril$13,000 $12,000 May June$14,000 The expected gross profit rate is 30% and
Fosnight Enterprises prepared the following sales budget: Month March April Budgeted Sales $6,000 pril$13,000 $12,000 May 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 are the total purchases budgeted for April? O $8,680 $10,920 $8,960 O $9,240
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