Question
how do you calculate these? Smoothie Vibes prepared the following salesbudget: Month Budgeted Sales March $7,000 April $15,000 May $10,000 June $19,000 The expected gross
how do you calculate these?
Smoothie Vibes prepared the following salesbudget:
Month
Budgeted Sales
March
$7,000
April
$15,000
May
$10,000
June
$19,000
The expected gross profit rate is 10% and the inventory at the end of February was $8,000. Desired inventory levels at the end of the month are 30% of the nextmonth's cost of goods sold. What is the desired ending inventory on May31?
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International Accounting
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
5th edition
1259747980, 9781259747984, 1260466531, 978-1260466539
