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Other Fields Homework Help Accounting Topic started by: bernie2981 on Nov 14, 2015



Title: Sander Enterprises prepared the following sales budget:MonthBudgeted SalesMarch$8,000April$13,000May
Post by: bernie2981 on Nov 14, 2015
Sander Enterprises prepared the following sales budget:

Month   Budgeted Sales
March   $8,000
April   $13,000
May   $12,000
June   $14,000

The expected gross profit rate is 40% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold.

What is the desired beginning inventory on June 1?
A) $1,120
B) $8,400
C) $1,680
D) $1,440


Title: Re: Sander Enterprises prepared the following sales budget:MonthBudgeted SalesMarch$8,000April$13,00
Post by: nuclei on Nov 15, 2015
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Title: Re: Sander Enterprises prepared the following sales budget:MonthBudgeted SalesMarch$8,000April$13,000May
Post by: bernie2981 on Dec 1, 2015
You're such a dedicated member, I very much appreciate the help.

Marking this solved ✓


Title: Re: Sander Enterprises prepared the following sales budget:MonthBudgeted ...
Post by: Cassie Morgan on Oct 18, 2020
Thank you!


Title: Re: Sander Enterprises prepared the following sales budget:MonthBudgeted ...
Post by: Tan Arreeya on Nov 9, 2020
thank you+!