Green Products prepared the following sales budget: The expected gross profit rate is 10% and...
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Accounting
Green Products prepared the following sales budget: The expected gross profit rate is 10% and the inventory at the end of February was $13,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What is the desired ending inventory on May 31 ? A. $3,510 B. $4,590 C. $510 D. $15,300
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