The cost of December merchandise purchases would be:
Cost of goods sold for December | 240750 | =321000*75% |
Add: Desired ending inventory | 143100 | =212000*75%*90% |
Less: Estimated beginning inventory | -216675 | =321000*75%*90% |
Cost of December merchandise purchases | 167175 |
The cost of December merchandise purchases would be: Dilly Farm Supply is located in a small town in the rural west. Da...
Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted at $297,000 for November, $317,000 for December, and $217,000 for January. Collections are expected to be 70% in the month of sale and 30% in the month following the sale. The cost of goods sold is 75% of sales. The company desires to have an ending merchandise inventory at the end of each month equal to 80% of...
Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: 18 • Sales are budgeted at $251,000 for November, $291,000 for December, and $218,000 for January . Collections are expected to be 60% in the month of sale and 40% in the month following the sale. • The cost of goods sold is 75% of sales. • The company desires to have an ending merchandise inventory at the end of each...
Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: 18 • Sales are budgeted at $251,000 for November, $291,000 for December, and $218,000 for January . Collections are expected to be 60% in the month of sale and 40% in the month following the sale. • The cost of goods sold is 75% of sales. • The company desires to have an ending merchandise inventory at the end of each...
Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted at $290,000 for November, $310,000 for December, and $210,000 for January. Collections are expected to be 65% in the month of sale and 35% in the month following the sale. The cost of goods sold is 80% of sales. The company desires to have an ending merchandise inventory at the end of each month equal to 70% of...
Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted at $251,000 for November, $291,000 for December, and $218,000 for January. Collections are expected to be 60% in the month of sale and 40% in the month following the sale. The cost of goods sold is 75% of sales. The company desires to have an ending merchandise inventory at the end of each month equal to 90% of...
Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted at $290,000 for November, $310,000 for December, and $210,000 for January. Collections are expected to be 65% in the month of sale and 35% in the month following the sale. The cost of goods sold is 80% of sales. The company desires to have an ending merchandise inventory at the end of each month equal to 70% of...
Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow. • Sales are budgeted at $310,000 for November, $330,000 for December, and $230,000 for January . Collections are expected to be 60% in the month of sale and 40% in the month following the sale • The cost of goods sold is 70% of sales • The company desires to have an ending merchandise inventory at the end of each month...
Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted at $310,000 for November, $330,000 for December, and $230,000 for January. Collections are expected to be 60 % in the month of sale and 40 % in the month followling the sale The cost of goods sold is 70 % of sales. The company desires to have an ending merchandise inventory at the end of each month equal...
Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow. Sales are budgeted at $254.000 for November, $294.000 for December, and $221,000 for January Collections are expected to be 60% In the month of sale and 40% In the month following the sale. The cost of goods sold is 80% of sales. • The company desires to have an ending merchandise Inventory at the end of each month equal to 90%...
Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: • Sales are budgeted at $293,000 for November, $313,000 for December, and $213.000 for January . Collections are expected to be 65% in the month of sale and 35% in the month following the sale. • The cost of goods sold is 80% of sales. • The company desires to have an ending merchandise inventory at the end of each month...