SportSupplies Corporation has budgeted purchases of inventory for December of $266,400. Expected beginning inventory on December 1 and ending inventory on December 31 are $50,000 and $180,000, respectively. If cost of goods sold averages 88% of sales, what are budgeted sales for December?

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The Answer of SportSupplies Corporation has budgeted purchases of inventory for December of $266,400. Expected beginning inventory on December 1 and ending inventory on December 31 are $50,000 and $180,000, respectively. If cost of goods sold averages 88% of sales, what are budgeted sales for December?

SportSupplies Corporation Has Budgeted Purchases of Inventory for December of $266,400