Information pertaining to ABs sales revenue budget is presented below.

	November	December	January
Cash sales	$96,000	$125,000	$78,000
Credit sales	$288,000	$450,000	$234,000
Total sales	$384,000	$575,000	$312,000

Management estimates that 4% of credit sales would be uncollectible. Of the collectible credit sales, 70% percent would be collected in the month of sale and the remainder in the month following the sale.

The firm desires to begin each month with 60% of the month's projected total sales on hand.

All purchases of inventory were to be on account; 30% would be paid in the month of purchase, and the remainder would be paid in the month following the purchase.

The purchase costs are 50% of the selling prices.

Calculate the Budgeted Beginning Inventory in November:

Calculate the Budgeted Ending Inventory in November: