Solution-What cost of goods sold for next month is expected

What cost of goods sold for next month is expected to be

Reference no: EM132667854

Problem 1: Jewelry Company has a sales budget for next month of $450,000. Cost of goods sold is expected to be 45 percent of sales. All goods are paid for in the month following purchase. The beginning inventory of merchandise is $20,000, and an ending inventory of $24,000 is desired. Beginning accounts payable is $206,500. The cost of goods sold for next month is expected to be:

Group of answer choices

Option 1: $160,000

Option 2: $202,500

Option 3: $360,000

Option 4: $406,000

Reference no: EM132667854

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What cost of goods sold for next month is expected to be

Reference no: EM132667854

Reference no: EM132667854

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