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Hi I just want to ask on what is the answer for this. I hope the you can help me and if there is an

Hi I just want to ask on what is the answer for this. I hope the you can help me and if there is an explanation it will help a lot

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PROBLEM 1. BUDGETED COST OF GOODS SOLD SCHEDULE (10 points) Good Boy Trading is forecasting a probable amount of its cost of goods sold for the months of April to June 2021. As of April 1, Good Boy had an inventory balance amounting to P100,000. For that month, Good Boy plans to purchase P200,000 worth of inventories as determined by their financial projections. Good Boy has a policy that each month's ending inventory must be at least 75% of that month's beginning inventory balance. For the months of May and June, Good Boy anticipates that its total purchases for inventories would be increasing by 30% for each month. REQUIREMENT: Prepare Good Boy's Budgeted Cost of Goods Sold for the months of April to June as well as the total for the second quarter. Use the Excel file's macros/computations. These will be checked as part of the solution

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