The gates company purchases toy musical instruments from a, Ask an Expert

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The Gates Company purchases toy musical instruments from a supplier for $15 each and then sells them to its customers for $25 each. The company fore casted 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 fore casted sales after that. What dollar amount would the company report for ending inventory its budgeted balance sheet for March?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91592214

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