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Pinto Company has the following data: Month January February March April Budgeted Sales $108,000 132,000 144,000 120,000 Cost of goods sold average 60% of sales.
Pinto Company has the following data: Month January February March April Budgeted Sales $108,000 132,000 144,000 120,000 Cost of goods sold average 60% of sales. The inventory at December 31 was $19,440. Desired ending inventory levels are 30% of next month's sales at cost. What is the desired ending inventory value at February 28
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