Question
The Pizza Merchandise Company has budgeted $54,000 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 $54,000 in sales for the month of December. The company's cost of goods sold is 35% of sales. If the company hasbudgeted to purchase $32,000 in merchandise during December, then the budgeted change in inventory levels over the month of December is:
$22,000 decrease
$13,100 increase.
$3,100 decrease.
$19,985 increase.
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
