Question
?Freighters, Inc. has the following budgeted? figures: Calculate the budgeted purchases for the month of January. Jan Feb Mar April Sales ?$52,500 ?$68,000 ?$85,000 ?$93,000
?Freighters, Inc. has the following budgeted? figures:
Calculate the budgeted purchases for the month of January.
| Jan | Feb | Mar | April | |
| Sales | ?$52,500 | ?$68,000 | ?$85,000 | ?$93,000 |
| Cost of goods sold | ?50% of sales | |||
| Required ending inventory | ?$15,000 +? 30% of next? month's sales | |||
| Inventory on hand on Jan 1 | ?$30,000 |
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Modern Auditing
Authors: Guadarshan S. Gill, Cosserat Graham, Leung Philomena, Coram Paul
5th Edition
0471340723, 978-0471340720
