What is the budgeted ending inventory for may, Accounting Basics

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What is the budgeted ending inventory for may

Peabody Enterprises prepared the following sales budget:

Month	Budgeted Sales
March	$6130
April	$13122
May	$12177
June	$14010

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?

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Accounting Basics: What is the budgeted ending inventory for may

Reference No:- TGS0697059

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Recent Questions Asked Accounting Basics

Q : Prepare journal entries to reflet the transactions

Q : What numbers top management need-decision needs to made

Q : How much higher or lower will net operating income be

Q : How large number needs to be each month to make it profit

Q : What is the budgeted ending inventory for may

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the budgeted ending inventory for may

Reference No:- TGS0697059

Recent Questions Asked Accounting Basics

Q : Prepare journal entries to reflet the transactions

Q : What numbers top management need-decision needs to made

Q : How much higher or lower will net operating income be

Q : How large number needs to be each month to make it profit

Q : What is the budgeted ending inventory for may

Q : What is soobins effecticve tax rate

Q : Properties of elements and compounds

Q : Statement for blanchard company at the break-even point

Q : What strategies can be used to increase data security

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