Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 9 Watson Corporation manufactures boxes. The estimated numbers of boxes sold for the first three months of the current year are as follows: Sales

image text in transcribed
QUESTION 9 Watson Corporation manufactures boxes. The estimated numbers of boxes sold for the first three months of the current year are as follows: Sales Month January February March 3,000 4,200 3,900 Finished goods inventory at the end of December was 600 units. Ending finished goods inventory is equal to 20% of the next month's sales. Watson Corporation expects to sell the boxes for $5 each April sales are projected at 4,500 boxes. How many boxes should be produced in February? A 4,140 boxes . 4,200 boxes OC 3.900 boxes OD. 4,260 boxes QUESTION 10 Gilbert Company purchased $40,000 of goods in July and expects to purchase $60,000 of goods in August Gilbert typically pays for 25% of purchases in the month of purchase and 75 percent in the following month What are Gilbert Company's total expected cash disbursements in the month of August? O A $45,000 . $65,000 $60,000 OD $40,000 OE $100,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions