A department store has budgeted cost of goods sold for March of $60,000 for its women's...
A department store has budgeted cost of goods sold for March of $60,000 for its women's shorts. Management wants to have $12,000 of shorts in inventory at the end of the month to prepare for the summer season. Beginning inventory in March was $8,000. What dollar amount of shorts should be purchased to meet the above plans?
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Homework Answers
| Cost of goods sold | $ 60,000 | ||
| Ending Inventory | $ 12,000 | ||
| Cost of goods available for sale | $ 72,000 | ||
| Beginning Inventory | $ 8,000 | ||
| Purchase for the month | $ 64,000 | ||
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A department store has budgeted cost of goods sold for March of
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Goddard's Department Store has budgeted cost of goods sold of $37.000 for its men's shorts in March. Management also wants to have $8,000 of men's shorts in inventory at the end of March to prepare for the summer season. Beginning inventory of men's shorts for March is expected to be $4,500. What dollar amount of men's shorts should be purchased in March? O A $24,500 OB. $49,500 OC. $33,500 OD. $40,500
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