The willsey merchandise company has budgeted 44000 in sales, Ask an Expert

Accounting

The Willsey Merchandise Company has budgeted $44,000 in sales for the month of December. The company's cost of goods sold is 35% of sales. If the company has budgeted to purchase $22,300 in merchandise during December, then the budgeted change in inventory levels over the month of December is:

$6,900 increase

$12,200 increase

$21,700 decrease

$6,300 decrease

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91960967

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