(Solved): Which of the following inventory valuation approaches treats nonmanufacturing costs as period cost ...

Which of the following inventory valuation approaches treats nonmanufacturing costs as period costs? Absorption Variable None of the above Both absorption and variable Question 13 (4 points) Jewelry Company has a sales budget for next month of \( \$ 200,000 \). Cost of goods sold is expected to be 25 percent of sales. All goods are paid for in the month following purchase. The beginning inventory of merchandise is \( \$ 20,000 \), and an ending inventory of \( \$ 24,000 \) is desired. Beginning accounts payable is \( \$ 206,500 \). The cost of goods sold for next month is expected to be: \[ \$ 50,000 \] \[ \$ 75,000 \] \[ \$ 80,000 \] \[ \$ 160,000 \]