Question
Contigo Company provided the following information related to its inventory sales. Actual December: 80,000 Budgeted-January: 140,000 Budgeted-February: 180,000 Budgeted-March: 120,000 Contigo desired ending inventory levels
Contigo Company provided the following information related to its inventory sales.
Actual December: 80,000
Budgeted-January: 140,000
Budgeted-February: 180,000
Budgeted-March: 120,000
Contigo desired ending inventory levels are 20% of the following months projected COGS. Budgeted purchases of inventory in February 2017 would have been:
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Principles of Auditing An Introduction to International Standards on Auditing
Authors: Rick Hayes, Philip Wallage, Hans Gortemaker
3rd edition
273768174, 978-0273768173
