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Wallace Company provides the following data for next year: January February March April Budgeted Purchases $78,000 70,200 91,000 95,550 Inventory at the end of December
Wallace Company provides the following data for next year: January February March April Budgeted Purchases $78,000 70,200 91,000 95,550 Inventory at the end of December is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. What is the amount of purchases budgeted for January? O A. $85,020 O B. $55,420 OC. $70,980 OD. $78,000
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