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A sales budger has been prepared for April. Management wants the amount of ending inventory each month to be equal to 10% of that month's
A sales budger has been prepared for April. Management wants the amount of ending inventory each month to be equal to 10% of that month's cost of goods sold. Cost of goods sold for Spril is projected at $60,000. Encing inventory at the end of March is expected to be $12,000. Based onthis informaton, what would be the amount of purchases be for April
a. 62,000
b. 48,000
c. 66,000
d. 54,000
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