Use the Following Information for Questions 96 and 97

question 22

Multiple Choice

Use the following information for questions 96 and 97.
Miles Company, a wholesaler, budgeted the following sales for the indicated months: All merchandise is marked up to sell at its invoice cost plus 25%. Merchandise inventories at the beginning of each month are at 30% of that month's projected cost of goods sold.
-The cost of goods sold for the month of June is anticipated to be

• A) $2,025,000.
• B) $2,227,500.
• C) $2,079,000.
• D) $2,376,000.

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Definitions:

Unresolved

Referring to issues, disputes, or questions that have not been settled or concluded.

Arbitrator

A neutral third party who is brought in to resolve a dispute between two parties, making a decision that is usually binding.

Senior Management

High-level executives who are responsible for managing the overall operations and resources of a company or organization.

Chief Steward

A chief steward in a union context is a lead union representative who handles grievances, negotiations, and communication between the union members and management.