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The Pizza Merchandise Company has budgeted $48,000 in sales for the month of December. The company's cost of goods sold is 35% of sales. If
The Pizza Merchandise Company has budgeted $48,000 in sales for the month of December. The company's cost of goods sold is 35% of sales. If the company has budgeted to purchase $26,000 in merchandise during December, then the budgeted change in inventory levels over the month of December is: $9,200 increase. $5,200 decrease. $22,000 decrease. $18,620 increase
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Auditing An International Approach
Authors: Wally Smieliauskas, Amy Kwan, Kathleen Cogliano, Catherine Barrette
8th Canadian Edition
