Copper, Inc

Multiple Choice

Copper, Inc.'s intern was preparing the cash budget for May.Copper's beginning inventory was $12,600 and its ending inventory was $12,000.If cost of goods sold is 55% of sales, what was the amount of budgeted monthly sales (if necessary, round your answer to the nearest dollar) ?

A) $350,000
B) $243,000
C) $240,818
D) $73,508