Using the percent-of-sales forecasting method

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Reference no: EM131882311

Suppose you're using the percent-of-sales forecasting method, and sales last year were 18 million. Next year, they are expected to be 2.6% greater. If the cost of goods sold is generally 62% of sales, what is your projection of CoGS for next year? Provide your answer in millions, with at least two decimal points.

Reference no: EM131882311

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