Toimi has forecast sales for the next three months as, Ask an Expert

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Toimi has forecast sales for the next three months as follows: July 4,500 units, August 6,000 units, September 8,400 units. Toimi's policy is to have an ending inventory of 50% of the next month's sales needs on hand. July 1 inventory is projected to be 2,400 units. Selling and administrative costs are budgeted to be $19,000 per month plus $7 per unit sold. What are budgeted selling and administrative expenses for July?

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Accounting Basics, Accounting

Category:- Accounting Basics
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