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Smoothie Vibes prepared the following sales budget: The expected gross profit rate is 10% and the inventory at the end of February was $8,000. Desired

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Smoothie Vibes prepared the following sales budget: The expected gross profit rate is 10% and the inventory at the end of February was $8,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What is the budgeted cost of goods sold for May

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