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Everest Co. Is a merchandising company that is planning for their merchandise purchases for the coming year. This is the information given about the company:
Everest Co. Is a merchandising company that is planning for their merchandise purchases for the coming year. This is the information given about the company:
Each month, COGS is 80% of sales. The firm is anticipating for ending merchandising inventory at the end of every month to be equal to 15% of the following months cost of goods sold. Sales of the six of the months of the year:
Jan: $11,000
Feb: $15,000
March: $23,700
April: $27,650
May: $34,350
June: $37,500
How merchandise in dollars should Everest Co. plan on buying in April?
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