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Can someone answer this question for me? Climbers Company expects to sell 5,000 units for $155 each for a total of $775,000 in January and
Can someone answer this question for me? Climbers Company expects to sell 5,000 units for $155 each for a total of $775,000 in January and 4,000 units for $205 each for a total of $820,000 in February. The company expects cost of goods sold to average 70% of sales revenue, and the company expects to sell 4,700 units in March for $230 each. Climbers' target ending inventory is $16,000 plus 60% of the next month's cost of goods sold. Prepare Climbers' inventory, purchases, and cost of goods sold budget for January and February
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