Budgeted change in inventory levels over the month, Accounting Basics

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Budgeted change in inventory levels over the month

The Willsey Merchandise Company has budgeted $40,000 in sales for the month of December. The company's cost of goods sold is 30% of sales. If the company has budgeted to purchase $18,000 in merchandise during December, then the budgeted change in inventory levels over the month of December is:

a. $6,000 increase.

b. $10,000 decrease.

c. $22,000 decrease.

d. $15,000 increase.

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Accounting Basics: Budgeted change in inventory levels over the month

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Accounting Basics: Budgeted change in inventory levels over the month

Reference No:- TGS096438

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Accounting Basics: Budgeted change in inventory levels over the month

Reference No:- TGS096438

Recent Questions Asked Accounting Basics

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