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Fosnight Enterprises prepared the following sales budget: The expected gross profit rate is 20% and the inventory at the end of February was $6,000. Desired

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Fosnight Enterprises prepared the following sales budget: The expected gross profit rate is 20% and the inventory at the end of February was $6,000. Desired in levels at the end of month are 10% of the next month's cost of goods sold. What is the desired beginning inventory on June 1? A. $800 B. $1, 120 C. $200 D. $8,000

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