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naomijefferson22
naomijefferson22
15.10.2019 • 
Business

Sales are budgeted at $350,000. all sales are on account and a provision for bad debts is made for each month at two percent of sales for the month. inventory was $101,000 on april 30; an inventory increase of $14,000 is planned for may 31. all inventory is marked to sell at cost plus 40 percent. estimated cash disbursements for selling and administrative expenses for the month are $65,000. depreciation for may is projected at $7,700. brownsville's budgeted cost of goods sold (cgs) in may is:

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