Janice Company sells a variety of stencils for multiple purposes Actual sales for the month ended June 30 was 90000 Janice believes that sales will increase 2 in July and an additional 3 in August Cash sales are expected to be 10 of sales and credit sales are 90 of sales Cost of goods sold is expected to be 75 of total sales Janice does not want inventory to fall below 000 plus 5 of cost of goods sold for the next month Sales of 95000 are expected for September Inventory on June 30 is 13000 Oper

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