TFS Ltd, a retail company selling hotel furniture, has just completed its master budget for the next fiscal year. Ending inventory is budgeted at 20% of cost of goods available for sale. Selected data from that process appear in the table below: 
TFS' actual profit for the next fiscal year will be
A) Greater than the budgeted profit
B) Less than the budgeted profit
C) Equal to the budgeted profit
D) Undeterminable from the information given
Correct Answer:
Verified
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