The Pizza Merchandise Company has budgeted $52,000 in sales for the month of December. The company's cost of goods sold is 25% of sales. If the company has budgeted to purchase $30,000 in merchandise during December, then the budgeted change in inventory levels over the month of December is: Multiple Choice $22.000 decrease. $17,000 increase. $15,250 increase. $9.000 decrease.

The Pizza Merchandise Company has budgeted $52,000 in sales for the month of December. The company's cost of goods sold is 25% of sales. If the company has budgeted to purchase $30,000 in merchandise during December, then the budgeted change in inventory levels over the month of December is: Multiple Choice $22.000 decrease. $17,000 increase. $15,250 increase. $9.000 decrease.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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