Sander enterprises prepared the following sales budget: month budgeted sales march $8,000 april $13,000 may $12,000 june
Sander Enterprises has 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 each month are set at 20% of the next month's cost of goods sold.
What is the desired beginning inventory on June 1?
4 Answers
Jan 25, 2025
Jan 31, 2025
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