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help plz Sweeney, Inc, sells tire rims. Its sales budget for the nine monthr ended Septernber 30,2024 , and additional information follow: (Oick the loon
help plz
Sweeney, Inc, sells tire rims. Its sales budget for the nine monthr ended Septernber 30,2024 , and additional information follow: (Oick the loon to view the budget) (Click the icon to view additional information) Prepare an inventory, purchases, and cost of goods sold budget for each of the first three quarters of the year. Compute cost of gioods sold for the entire nine-monith period. Data table More info In the past, cost of goods sold has been 40% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $9,000 plus 10% of cost of goods sold for the folowing quarter. The marketing director expects sales of $210,000 during the fourth quarter. The January 1 inventary was $19,000. Sweeney, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Minn Manthe Endad Sontemhar 30.2024 Step by Step Solution
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