The sales budget of Hasf Garment industries for the nine month ended 3-9-2020 follows 1stquarter2ndquarter3rdquartertotal 9 month
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Question:
The sales budget of Hasf Garment industries for the nine month ended 3-9-2020 follows
1stquarter2ndquarter3rdquartertotal 9 month
Cash sales20%18,00028,00021,00067,000
Credit sales 80%72,000112,00084,000268,000
Other information
- Cost of goods sold 65% of total sales
- Desired ending inventory should not go below 15,000 + 10% of cost the following quarter cost of goods sold
- 4thquarter sales 100,000
Required:
1. Total purchase
1st Quarter
2nd Quarter
3rd Quarter
2. Cost of goods sold
1st Quarter
2nd Quarter
3rd Quarter
Total 9 months
3. Ending inventory
1st Quarter
2nd Quarter
3rd Quarter
Posted Date: