Wainut Company has forecast sales for the next three months as follows: July 4,500 units,...
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Accounting
Wainut Company has forecast sales for the next three months as follows: July 4,500 units, August 6,700 units, and September 7,600 units. Walnut's ending finished goods inventory policy is 45% of the next month's sales. July 1 irventory is projected to be 2,300 units. Selling and administrative costs are budgeted to be $22,000 per month plus $9 per unit sold. What are the budgeted selling and administrative expenses for July? Multiple Choice $62,500 $88,335 $58,000 $46,935
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