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Sander Enterprises prepared the following sales budget: Month March Budgeted Sales $9,000 $10,000 $15,000 $12,000 May June The expected gross profit rate is 20% and
Sander Enterprises prepared the following sales budget: Month March Budgeted Sales $9,000 $10,000 $15,000 $12,000 May June The expected gross profit rate is 20% and the inventory at the end of February was month's cost of goods sold. 00 Desired inventory levels at the end ofthe month are 20% ofthe next What is the desired ending inventory on May 31? OA. $1 920 O B. $480 O C. $9,600 O D. $2,400
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