Use the percent of sales method of preparing pro forma financial statements to determine the projection...

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Use the "percent of sales method" of preparing pro forma financial statements to determine the projection for next year's cost of goods sold. Make the following assumptions: current year's sales are $27,800,000; current year's cost of goods sold is $17,528,000; sales are expected to rise by 30%. What is the projection for next year's cost of goods sold? Use the "percent of sales method" of preparing pro forma financial statements to determine the projection for next year's cost of goods sold. Make the following assumptions: current year's sales are $27,800,000; current year's cost of goods sold is $17,528,000; sales are expected to rise by 30%. What is the projection for next year's cost of goods sold?

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The percent of sales method is used to project future expenses such as the cost of goods sold COGS b... View the full answer