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Sander Enterprises prepared the following sales budget Budgeted Sales $8,000 $15,000 $10,000 S19,000 Month March April May June The expected gross profit rate is 20%
Sander Enterprises prepared the following sales budget Budgeted Sales $8,000 $15,000 $10,000 S19,000 Month March April May June The expected gross profit rate is 20% and the inventory at the end of February was $15,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What is the desired beginning inventory on June 1? OA. $4,560 OB. $15,200 O C. $1,140 O D. $2,400
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