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Calculate the projected cost of goods sold

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Question - Python Inc. reports in its 20X8 annual report 10-K, sales of $8,180 million and cost of goods sold of $3,272 million. For next year, you project that sales will grow by 3% and that cost of goods sold percentage will be 1 percentage point higher. Projected cost of goods sold for 20X9 will be:

A. $3,304 million

B. $3,370 million

C. $3,403 million

D. $3,454 million

E. $3,813 million

Reference no: EM132190789

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