Question: sets its prices to eam an average 40% gross profit on sales revenue. The company does not want inventory to fall below $420,000 plus 20%

sets its prices to eam an average 40% gross profit on

sets its prices to eam an average 40% gross profit on sales revenue. The company does not want inventory to fall below $420,000 plus 20% of the next month's cost of goods sold. Prepare a cost of goods sold, inventory, and purchases budget for the months of October and November

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