Question
XY Company estimated its sales for the coming 4 months as follows: October $10,000 November $11,000 December $15,000 January $9,000 Estimated cost of goods sold
XY Company estimated its sales for the coming 4 months as follows:
October
$10,000
November
$11,000
December
$15,000
January
$9,000
Estimated cost of goods sold
55.00%
Other variable costs (commissions)
20.00%
Estimated fixed costs
$2,500.00
The company maintains its inventory at twice it estimated sales requirements
(sales requirements are cost of goods sold of the next month)
The beginning inventory
$9,000
Desiring ending inventory for December is
a.$16,450b.$16,600c.$16,500d.$14,500e.$9,900
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Payroll Accounting 2018
Authors: Jeanette Landin, Paulette Schirmer
4th edition
1260005127, 1259742514, 1260005165, 126000516X, 978-1259742514
