Question
Skyland Company wants an ending inventory each month equal to 30% of that month's cost of sales. Cost of sales for February are projected at
Skyland Company wants an ending inventory each month equal to 30% of that month's cost of sales. Cost of sales for February are projected at $90,000. Ending inventory at the end of January was $24,000. Based on this information purchases for February will be:
a.$ 63,000
b.$ 87,000
c.$ 66,000
d.$ 93,000
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
