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I need help prepaing a cost of goods sold, inventory, and purchasw budgest for the months below in the photo... Great Logos buys logo-imprinted morchandise
I need help prepaing a cost of goods sold, inventory, and purchasw budgest for the months below in the photo...
Great Logos buys logo-imprinted morchandise and then sells it to university bookstores. Sales are expected to be $2,004,000 in September, $2,220,000 in October, $2,384,000 in November, and $2,560,000 in December. Great Logos sets its prices to carn an average 40% gross profit on sales revenue. The company does not want inventory to fall below $435,000 plus 20% of the next month's cost of goods sold Prepare a cost of goods sold, inventory, and purchases budget for the months of October and November Great Logos Cost of Goods Sold, Inventory, and Purchases Budget For the Months of October and November October November Cost of goods sold Plus: Desired ending inventory Total inventory required Less: Beginning inventory Purchases Step by Step Solution
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