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Business, 06.05.2021 22:20 emmaty6821

Peabody Enterprises prepared the following sales budget: Month Budgeted Sales March $6,151 April $13,104 May $12,250 June $14,197 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 budgeted ending inventory for May in dollars not units?

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Peabody Enterprises prepared the following sales budget: Month Budgeted Sales March $6,151 April $13...
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