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Pinto Company Has the Following Data: Cost of Goods

Question 29

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Pinto Company has the following data: Pinto Company has the following data: Cost of goods sold average 60% of sales.The inventory at December 31 was $19,440.Desired ending inventory levels are 30% of next month's sales at cost.What is the desired ending inventory value at February 28? A) $23,760 B) $25,920 C) $39,600 D) $43,200 Cost of goods sold average 60% of sales.The inventory at December 31 was $19,440.Desired ending inventory levels are 30% of next month's sales at cost.What is the desired ending inventory value at February 28?


A) $23,760
B) $25,920
C) $39,600
D) $43,200

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