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)?
| Beginning cash balance | $ 1,800 |
| Cash receipts | 151,800 |
| Total cash available to spend | 153,600 |
| Less disbursements: | |
| Merchandise purchases | 133,050 |
| Selling and administrative expenses | 27,000 |
| Total cash disbursements | 160,050 |
| Cash excess (needed) | (6,450) |
| Borrowing | 7,950 |
| Ending cash balance | $ 1,500 |
◦ $73,508
◦ $240,818
◦ $350,000
◦ $243,000
A copper-striped blue-tailed skink (Emoia impar)
copper
copper
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