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Assume the following data pertains to ABC Company Estimated average selling price per unit $10.00 Estimated units to be sold in 8-2009 1,000.00 Estimated increase

Assume the following data pertains to ABC Company
Estimated average selling price per unit $10.00
Estimated units to be sold in 8-2009 1,000.00
Estimated increase in unit sales 10%
Month

8

9

10

11

Units 1,000 1,100 1,210 1,331
Selling price per unit

?$10.00

?$10.00

?$10.00

?$10.00

Total estimated sales $ 10,000.00 $ 11,000.00 ?$12,100.00 ?$13,310.00
Assume
Cost of goods sold (CGS) 65% of sales
Month

8

9

10

11

Estimated CGS $6,500.00 $7,150.00 $7,865.00 $8,651.50
Assume
Beginning inventory? $2,100.00
Ending inventory 20% of next month CGS

Find the purchases needed for August

1.

Between $5,200 and $5,300

2.

Between $7,200 and $7,300

3.

Between $5,800 and $5,900

4.

Between $8,00 and $8,100

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