B. $11,120
Cost of Goods Sold = $14,000 × 80% = $11,200
Ending Inventory = $13,000 × 80% × 10% = $1,040
Beginning Inventory = $14,000 × 80% × 10% = $1,120
Purchases = $11,200 + $1,040 - $1,120 = $11,120
Fosnight Enterprises prepared the following sales budget Month March April Budgeted Sales $9,000 $14,000 O A....
Fosnight Enterprises prepared the following sales budget Budgeted Sales $5,000 $14,000 Month March April May $10,000 $14,000 June The expected gross profit rate is 20% and the inventory at the end of February was $12,000. Desired inventory levels at the end of the month are 20 % of the next month's cost of goods sold. What are the total purchases budgeted for April? OA. $10,560 O B. $11.840 O C. $2,240 O D. $13,440
Question Help Fospight Enterprises prepared the following sales budget Budgeted Sales $3,000 Month March April May June $11,000 $15,000 $10,000 The expected gross profitrate is 20% and the inventory at the end of February was $13,000. Desired inventory levels at the end of the month are 10% of the next month's cost of goods sold. What are the total purchases budgeted for April? hts fc O A. $9,120 O B. $880 OC. $9,680 OD. $8,480 Click to select your answer...
Sander Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $5000 137000 $14,000 $17.000 The expected gross profitrate is 10% and the inventory at the end of February was $13,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What are the total purchases budgeted for April? $11,520 $14,040 $11,880 $11,700
Fosnight Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $6,000 $12.000 $10,000 $11,000 The expected gross profit rate is 20% and the inventory at the end of February was $8,000. Desired Inventory levels at the end of the month are 20% of the next month's cost of goods sold. What is the desired ending Inventory on May 31? O A $440 OB. $1,600 OC. $8,800 OD. $1.760
Question 20 0.6 out o Sander Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $8000 $14,000 $15,000 $17,000 The expected gross profit rate is 20% and the inventory at the end of February was $11,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What is the desired beginning inventory on June 1? Selected Answer: $4080
Sander Enterprises prepared the following sales budget: Month March April Budgeted Sales $3,000 $10,000 $13,000 $17.000 May June The expected gross profit rate is 30% and the inventory at the end of February was $9.000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What are the total purchases budgeted for May? OA. $11,830 OB. $8,260 OC. $9,100 OD. $9,940
Sander Enterprises prepared the following sales budget: Month Budgeted Sales March $7,000 April $12,000 May $11,000 June $18,000 The expected gross profit rate is 20% and the inventory at the end of February was $5,000. Desired inventory levels at the end of the month are30% of the next month's cost of goods sold. What are the total purchases budgeted for May? A. $8,800 B. $7,120 C. $11,440 D. $10,480
Sander Enterprises prepared the following sales budget: Month Budgeted Sales March $7000 April $12,000 May $11,000 June $18,000 The expected gross profit rate is 20% and the inventory at the end of February was $5000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What are the total purchases budgeted for May? $11,440 $8800 $7120 $10,480
Fosnight Enterprises prepared the following sales budget: Month Budgeted Sales March $6,000 April $13,000 May $11,000 June $20,000 The expected gross profit rate is 20% and the inventory at the end of February was $7,000. Desired inventory levels at the end of the month are 30% of the nextmonth's cost of goods sold. What is the desired ending inventory on May 31? A. $16,000 B. $1,200 C. $2,640 D. $ 4,800
Brandon Company has prepared the following sales budget: Month Budgeted Sales March $200,000 April 180,000 May 220,000 June 240,000 Cost of goods sold is budgeted at 40% of sales and the inventory at the end of February was $40,000. Desired inventory levels at the end of each month are 20% of the next month's cost of goods sold. What is the desired beginning inventory on June 1? So, beginning Inventory for June is ending inventory for May. End Inv May...