In September 2022, the budget committee of Blue Spruce Company assembles the following data: 1. 2. 3. 4. Expected Sales

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In September 2022 The Budget Committee Of Blue Spruce Company Assembles The Following Data 1 2 3 4 Expected Sales 1 (62.76 KiB) Viewed 34 times

In September 2022, the budget committee of Blue Spruce Company assembles the following data: 1. 2. 3. 4. Expected Sales October November December $1,840,000 1,710,000 1,560,000 Cost of goods sold is expected to be 60% of sales. Desired ending merchandise inventory is 30% of the next month's cost of goods sold. The beginning inventory at October 1 will the desired amount. Prepare the budgeted income statement for October through gross profit on sales, including a cost of goods sold schedule. BLUE SPRUCECOMPANY Budgeted Income Statement V $

BLUE SPRUCECOMPANY Budgeted Income Statement $ +A $ LA $