Question
At the Northern Company, Sales of $300,00 are forecast for the third quarter. Gross profit is 60% of sales, and beginning inventory is $145,000. If
At the Northern Company, Sales of $300,00 are forecast for the third quarter. Gross profit is 60% of sales, and beginning inventory is $145,000. If ending inventory is budgeted as $153,000, what are the budgeted Purchases?
| A. | $165,000 | |
| B. | $82,000 | |
| C. | $108,000 | |
| D. | $128,000 |
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Statistical Analysis Microsoft Excel 2013
Authors: Conrad Carlberg
1st Edition
0789753111, 9780789753113
