The Gel Company, a hair products wholesaler, budgeted $150,000 of credit sales and $20,000 of cash sales for June. All merchandise is marked up to sell at 125% of its invoice cost. What is the budgeted cost of sales for June?

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The Answer of The Gel Company, a hair products wholesaler, budgeted $150,000 of credit sales and $20,000 of cash sales for June. All merchandise is marked up to sell at 125% of its invoice cost. What is the budgeted cost of sales for June?

The Gel Company, a Hair Products Wholesaler, Budgeted $150,000 of Credit