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Month Budgeted Sales May 46,000 June 50000 July 52,000 August 48,000 The cost of goods sold percentage is 65% and the desired inventory level is

Month Budgeted Sales May 46,000 June 50000 July 52,000 August 48,000 The cost of goods sold percentage is 65% and the desired inventory level is 25% of next month's sales. What is the beginning inventory for May

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