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Ryder-Business Enterprises prepared the following sales budget: Month March Budgeted Sales $9000 April $14,000 May $10,000 June $11,000 The expected gross profit rate is 10%
Ryder-Business Enterprises prepared the following sales budget: Month March Budgeted Sales $9000 April $14,000 May $10,000 June $11,000 The expected gross profit rate is 10% and the inventory at the end of February was $6,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What is the budgeted cost of goods sold for May? O $2,000. $9.900 $9,000 $1.000
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