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Kim Convenience store prepared the following sales budget: Month Budgeted Sales March $ 6 , 0 0 0 April $ 1 3 , 0 0
Kim Convenience store prepared the following sales budget:
Month
Budgeted Sales
March
$
April
$
May
$
June
$
The expected gross profit rate is and the inventory at the end of February was $ Desired inventory levels at the end of the month are of the next month's cost of goods sold.
What is the desired beginning inventory on June at Kims
$
$
$
$
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