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Warshaw Company budgets payroll at $3,600 per month plus a percentage of monthly sales. The June operating expenses budget includes total payroll of $13,200 with

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Warshaw Company budgets payroll at $3,600 per month plus a percentage of monthly sales. The June operating expenses budget includes total payroll of $13,200 with budgeted sales of $160,000. Sales for July are budgeted at $180,000 while purchases of Inventory for July are budgeted at $95,000. Depreciation and insurance for July are estimated at $1,000 and $600, respectively Office and administrative expenses related to purchasing inventory are budgeted at 10% of purchases for the month. The purchase of $2,500 in equipment and $1,500 in furniture is expected in July. The July payroll should be budgeted at $14,400 $13.200 $22.500 $15,300 none of the answers listed are correct A lamp store purchased $3,800 of lamps in September. The store had $1,600 of lamps on hand at the beginning of September, and expected to have $1,300 of lamps at the end of September to cover part of anticipated October sales. What is the budgeted cost of goods sold for September? $4,100 $5,400 O $6,700 $3,500 none of the answers listed are correct

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