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The following information is available from previously prepared budgets for the month of March: March Sales Revenue (from Sales Budget) $6,900 Cost of Goods
The following information is available from previously prepared budgets for the month of March: March Sales Revenue (from Sales Budget) $6,900 Cost of Goods Sold (from Cost of Goods Sold Budget) 750 Cash (from Cash Budget) 310 Accounts Receivable (from Schedule of Cash Receipts from Customers) Raw Materials Inventory (from Direct Materials Budget) 689 540 Finished Goods Inventory (from Production and Cost of Goods Sold Budgets) 610 Selling and Administrative Expenses (from S&A Expense Budget) 230 150 1,700 Interest Expense (from Cash Budget) Income Tax Expense (from Cash Budget) A. $4,759 B. $2,920 C. $4,450 OD. $4,070
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