Question
Could you please help this with solution? 14) Benjamin Company has the following data: Month Budgeted Sales January $108,000 February 132,000 March 144,000 April 120,000
Could you please help this with solution?
14) Benjamin Company has the following data:
Month Budgeted Sales
January $108,000
February 132,000
March 144,000
April 120,000
Cost of goods sold average 60% of sales. The inventory at December 31 was $19,440. Desired ending inventory levels are 20% of next month's sales at cost. What is the desired ending inventory value at February 28?
16) Upstairs Company has the following data:
Month Budgeted Sales
January $108,000
February 132,000
March 144,000
April 120,000
The gross profit rate is 40% of sales and ending inventory at December 31 was $19,440. Desired ending inventory levels are 30% of next month's sales at cost. What are the expected total purchases for February?
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Fundamentals Of Cost Accounting
Authors: William Lanen, Shannon Anderson
2nd Edition
0071332618, 978-0071332613
