Sander Enterprises prepared the following sales budget: The expected gross profit rate is 20% and the inventory at the end of February was $15,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold.
What is the desired beginning inventory on June 1?

Question

Sander Enterprises prepared the following sales budget:  The expected gross profit rate is 20% and the inventory at the end of February was $15,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold.
What is the desired beginning inventory on June 1?

Quizplus · Accepted Answer

The Answer of Sander Enterprises prepared the following sales budget:  The expected gross profit rate is 20% and the inventory at the end of February was $15,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold.
What is the desired beginning inventory on June 1?

Sander Enterprises Prepared the Following Sales Budget: the Expected