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Thomas Corporation recorded sales of $100999 during March. Management expects sales to increase 5% in April, another 2% in May, and another 10% in June.

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Thomas Corporation recorded sales of $100999 during March. Management expects sales to increase 5% in April, another 2% in May, and another 10% in June. Cost of goods sold is expected to be 64% of sales. What is the budgeted gross profit for June

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