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The Wolsey Merchandise Company has budgeted $40,000 In sales for the month of December. The company's cost of goods sold Is 40% of sales. If
The Wolsey Merchandise Company has budgeted $40,000 In sales for the month of December. The company's cost of goods sold Is 40% of sales. If the company has budgeted to purchase $21, 900 In merchandise during December, then the budgeted change In Inventory levels over the month of December Is: $7, 000 increase $2, 100 decrease $18, 100 decrease $5, 900 Increase
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