In September 2022, the budget committee of Bramble...
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Accounting
In September 2022, the budget committee of Bramble Company assembles the following data: 1. Expected Sales 2. Cost of goods sold is expected to be 70% of sales: 3. Desired ending merchandise inventory is 20% of the next month's cost of goods sold. 4. The beginning inventory at October 1 will be the desired amount. Prepare the budgeted income statement for October through gross profit on sales, including a cost of goods sold schedule. 4. The beginning inventory at October 1 will be the desired amount. Prepare the budgeted income statement for October through gross profit on sales, including a cost of goods sold schedule
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