Business, 21.04.2020 19:01, lukeperry

Miles Company, a wholesaler, budgeted the following sales for the indicated months: June July August Sales on account $2700000 $2760000 $2850000 Cash sales 270000 300000 390000 Total sales $2970000 $3060000 $3240000 All merchandise is marked up to sell at its invoice cost plus 20%. Merchandise inventories at the beginning of each month are at 30% of that month's projected cost of goods sold. The cost of goods sold for the month of June is anticipated to be $2079000. $2376000. $2475000. $2284615.

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Miles Company, a wholesaler, budgeted the following sales for the indicated months: June July August...