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VH Incorporated prepared the following sales budget Month Budgeted Sales $8000 March $15,000 10,000 $19,000 April May June The expected gross profit rate is 20%

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VH Incorporated prepared the following sales budget Month Budgeted Sales $8000 March $15,000 10,000 $19,000 April May June The expected gross profit rate is 20% and the inventory at the end of February was $15,000, Desired inventory levels at the nd of the month are 30% of the next month's cost of goods sold. what is the desired beginning inventory on June 1

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