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ABC company has budgeted the following sales. January February Sales ( on Income statement) $100,000 $200,000 The selling price is $20 per unit and the
ABC company has budgeted the following sales. January February Sales ( on Income statement) $100,000 $200,000 The selling price is $20 per unit and the unit cost is $ 12 per unit In addition to having enough units to meet monthly sales, ABC would like ending inventory to be equal to 10% of the following months sales. Inventory at Dec 31 = $6,000. How much inventory in dollars should ABC buy in January
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