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MFL Sales expects to sell 400 units of Product A and 350 units of Product...

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Accounting

MFL Sales expects to sell 400 units of Product A and 350 units of Product B each day at an average price of $21 for Product A and $30 for Product B. The expected cost for Product A is 41% of its selling price and the expected cost for Product B is 64% of its selling price. MFL Sales has no beginning inventory, but it wants to have a five-day supply of ending inventory for each product. Compute the budgeted cost of goods sold for the next (seven-day) week.

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