What are budgeted sales for March? Question: Gordon Industries has budgeted purchasesof inventory for March of $182,000.Expectedbeginning inventory on March 1 and ending inventoryonMarch 31 are$145,000 and $163,000,respectively. If the cost of goods sold averages 70%of sales, what are budgeted sales for March?

Explanation of Budgeted Purchases: Budgeted purchases represent the planned amount a company expects…

Answered: Question: Gordon Industries has…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 2EB: How many units are in beginning inventory if 32,000 units are budgeted for sales, 35,000 units are...

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Question: Gordon Industries has budgeted purchases of inventory for March of $182,000. Expected beginning inventory on March 1 and ending inventory on March 31 are $145,000 and $163,000, respectively. If the cost of goods sold averages 70% of sales, what are budgeted sales for March?