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The expected gross profit rate is 40 and the inventory at

Question - Sander Enterprises prepared the following sales budget:

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 total purchases budgeted for April?

A) $7,440

B) $7,920

C) $7,680

D) $9,360

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Accounting Basics: The expected gross profit rate is 40 and the inventory at

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Accounting Basics: The expected gross profit rate is 40 and the inventory at

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