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MFL Sales expects to sell 400 units of Product A and 360 units of Product B each day at an average price of $20 for
MFL Sales expects to sell 400 units of Product A and 360 units of Product B each day at an average price of $20 for Product A and $26 for Product B. The expected cost for Product A is 36% of its selling price and the expected cost for Product B is 59% of its selling price. MFL Sales has no beginning inventory, but it wants to have a six-day supply of ending inventory for each product. Compute the budgeted cost of goods sold for the next (seven-day) week.
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