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Kolta, Ino, projects sales for its first three months of operation as follows: October November Desember Credit sales $100,000 $150,000 $200,000 Cash sales 40.000 60.000
Kolta, Ino, projects sales for its first three months of operation as follows: October November Desember Credit sales $100,000 $150,000 $200,000 Cash sales 40.000 60.000 50.000 Total Sales $100,000 5210.000 $250,000 Inventory on October 1 i 540.000, this inventory had been purchased during July Subsequent beginning inventories should be 40% of the months out of goods sold Goods we produtos cost 50% of purchases are paid for in the month of purchase, the balance is paid in the following month. It is expected that 50% of credit sales will be collected in the month for sale on the second month following the sale and the balance in the month Ascontis given payment is received in the month follow What is the projected cost of goods sold for December O A 5100,000 267.000 OC. $140,000 OD 5178,572
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