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What are the expected sales for May

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Question - The Candle Lab plans to purchase $20,000 of inventory in May. The expected inventory at the beginning and end of the month is $8,000 and $6,000, respectively. If cost of goods sold are roughly 80% of sales, what are the expected sales for May?

a. $27,500

b. $22,500

c. $22,000

d. $18,000

Reference no: EM132612302

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