(Answered) Question - the bridges company purchases toy musical

Accounting

Question - The Bridges Company purchases toy musical instruments from a supplier for $15 each and then sells them to its customers for $25 each. The company forecasted unit sales of

February 100

March 200

April 150

Ending inventory for January was 20 units and the company wants budgeted ending inventory to be 20% of the following month's forecasted sales after that. What dollar amount would the company report for cost of goods sold in its budgeted income statement for March?

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