Question
Managerial Accounting The following is the sales forecast for a blog-shop selling waist pouches for the months of October, November and December 2019.The selling price
Managerial Accounting
The following is the sales forecast for a blog-shop selling waist pouches for the months of October, November and December 2019.The selling price per unit is $60 per month. The forecasted Sales (Number of units) for October is 80, 100 is for November, and 140 is for December. The following is sales budget for October, November and December 2019. The unit selling price is $60 per month for October, November and December 2019. The units sold for October is 80, 100 is for November, and 140 for December. The expected sales for October is $4,800, $6,000 for November, and $8,400 for December.
The store intends to maintain the following inventory levels at the end of each month for 2019. The cost per unit is $25 per month for October, November and December 2019. The number of waist pouches at the end of each month is 30 for October, 42 for November, and 36 for December. Ending inventory in September 2019 is 24 waist pouches. Each pouch cost $25. Using forecasted sales, what is the purchases budget for October, November and December 2019.Using the given forecasted sales information, what is the purchases budget for October, November and December 2019?
After finding out the the purchases budget for October, November and December 2019, use the purchases budget for October, November and December 2019 to calculate the cost of goods sold (COGS) for November 2019.
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