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Business, 05.05.2020 07:11 leannamat2106

Sander Enterprises prepared the following sales budget: Month Budgeted Sales March $8000 April $14,000 May $15,000 June $17,000 The expected gross profit rate is 20% and the inventory at the end of February was $11,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What is the desired beginning inventory on June 1? $4080 $3600 $13,600 $1020

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