Business, 25.06.2021 03:40, ethanyayger

XYZ budgeted sales: Jan.($120,000); Feb.($108,000); Mar.($140,000); Apr.($147,000). Gross profit is 35% of sales. Inventory on Jan. 1st is $29,600 and target ending inventory is 10% of next month's sales, stated at cost. Purchases budgeted for January is:

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XYZ budgeted sales: Jan.($120,000); Feb.($108,000); Mar.($140,000); Apr.($147,000). Gross profit is...