Question
JKL Inc. wants ending inventory to be 30% of the next months cost of goods sold. In June, JKLs cost of goods sold is projected
JKL Inc. wants ending inventory to be 30% of the next months cost of goods sold. In June, JKLs cost of goods sold is projected to be $780,000. July is projected to have $650,000 in cost of goods sold. Ending inventory in May was $210,000. Based on this information, required purchases for June would be:
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
7th Edition
978-0136111474, 0136111475
