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What is the desired beginning inventory on june 1

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Question

Caplico Company has prepared the following sales budget:

MonthBudgeted SalesMarch$400,000April$207,000May$241,000June$248,000

Cost of goods sold is budgeted at 40% of sales, and the inventory at the end of February was $34,000. Desired inventory levels at the end of each month are 10% of the next month's cost of goods sold. What is the desired beginning inventory on June 1?

Reference no: EM132385743

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