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In September 2 0 2 2 , the budget committee of Pina Colada Company assembles the following data: Expected Sales Cost of goods sold is

In September 2022, the budget committee of Pina Colada Company assembles the following data:
Expected Sales
Cost of goods sold is expected to be 60% of sales.
Desired ending merchandise inventory is 30% of the next month's cost of goods sold.
The beginning inventory at October 1 will be the desired amount.
Prepare the budgeted income statement for October through gross profit on sales, including a cost of goods sold schedule.
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