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Sander Enterprises prepared the following sales budget: Month Budgeted Sales March $6.000 April $15,000 May $10.000 June $12,000 The expected gross profit rate is 30%
Sander Enterprises prepared the following sales budget: Month Budgeted Sales March $6.000 April $15,000 May $10.000 June $12,000 The expected gross profit rate is 30% and the inventory at the end of February was $11,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What the desired beginning inventory on June 1? O A. $1,680 OB. $1,400 O C. $8,400 OD. $720
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