Bernie Company sells buttons to fabric stores. Sales are expected to be $2,011,666 in January, $2,387,984 in February and $3,177,651 in March. Bernie Company sets their prices so that they earn an average 49% gross profit on sales revenue. What is budgeted cost of goods sold for February

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Based on the information given, the budgeted cost of the gods that are paid in February will be $1217872.30

A budgeted cost refers to a forecasted future expense that a business is expected to incur in the future. It's simply an estimated expense that is anticipated by a company.

The budgeted cost will be:

= Sales revenue - Gross profit

= $2,387,984 - (49% × $2,387,984)

= $2,387,984 - 1,170112.6

= $1217872.30

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