38. Estimated sales for Ackerman Company in the first quarter are shown below by month. Jan....

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38. Estimated sales for Ackerman Company in the first quarter are shown below by month. Jan. $50,000 Feb. $60,000 March $80,0

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Answer 1

Answer #1

Answer:

Account titles	Calculations	Amount in January($)	Amount in Febuary($)	Amount in March($)
Sales		50,000	60,000	80,000
Cost of goods sold@80%	5000080/100=40,000 6000080/100=48,000 80000*80/100=64,000	40,000	48,000	64,000
Ending inventory@50%	6000050/100=30,000 8000050/100=40,000	30,000	40,000
Total needs	40,000+30,000=70,000	70,000
Less:Beginning inventory		20,000
Zippy purchase	70,000-20,000=50,000	50,000

Therefore,

The cost of the merchandise zippy should purchase during January is "$50,000"

Hence,Option-b is correct answer

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Answer 2

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