Homework Answers
a) Inventory purchase budget
| January | February | march | |
| Budgeted cost of goods sold | 54000 | 58000 | 64000 |
| Add: Desired ending inventory | 8700 | 9600 | 11850 |
| Inventory needed | 62700 | 67600 | 75850 |
| Less; Beginning inventory | 8100 | 8700 | 9600 |
| Required purchase | 54600 | 58900 | 66250 |
b) Cost of goods sold = 54000+58000+64000 = 176000
c) Ending inventory = 11850
Add Answer to:
Walton Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inve...
Walton Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory...
Walton Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Walton’s policy is to maintain an ending inventory balance equal to 15 percent of the following month’s cost of goods sold. April’s budgeted cost of goods sold is $83,000. Required Complete the inventory purchases budget by filling in the missing amounts. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement. Determine...
Vernon Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory...
Vernon Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Vernon's policy is to maintain an ending inventory balance equal to 10 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $79,000. Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income...
Campbell Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory...
Campbell Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Campbell's policy is to maintain an ending inventory balance equal to 20 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $79,000. Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income...
Adams Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory...
Adams Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Adams's policy is to maintain an ending inventory balance equal to 15 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $83,000. Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income...
Thornton Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory...
Thornton Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Thornton's policy is to maintain an ending inventory balance equal to 15 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $76,000. Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income...
Perez Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory...
Perez Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Perez's policy is to maintain an ending inventory balance equal to 20 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $82,000. Required a. Complete the inventory purchases budget by filling in the missing amounts b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income...
Benson Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory...
Benson Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Benson's policy is to maintain an ending inventory balance equal to 15 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $79,000. Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income...
Zachary Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory...
Zachary Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Zachary's policy is to maintain an ending inventory balance equal to 10 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $85,000 Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income...
Baird Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory...
Baird Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Baird's policy is to maintain an ending inventory balance equal to 20 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $83,000 Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income...
Zachary Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory...
Zachary Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Zachary’s policy is to maintain an ending inventory balance equal to 20 percent of the following month’s cost of goods sold. April’s budgeted cost of goods sold is $83,000. Required Complete the inventory purchases budget by filling in the missing amounts. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement. Determine...
Vernon Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Vernon's policy is to maintain an ending inventory balance equal to 10 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $79,000. Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income...
Campbell Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Campbell's policy is to maintain an ending inventory balance equal to 20 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $79,000. Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income...
Adams Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Adams's policy is to maintain an ending inventory balance equal to 15 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $83,000. Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income...
Thornton Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Thornton's policy is to maintain an ending inventory balance equal to 15 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $76,000. Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income...
Perez Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Perez's policy is to maintain an ending inventory balance equal to 20 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $82,000. Required a. Complete the inventory purchases budget by filling in the missing amounts b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income...
Benson Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Benson's policy is to maintain an ending inventory balance equal to 15 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $79,000. Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income...
Zachary Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Zachary's policy is to maintain an ending inventory balance equal to 10 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $85,000 Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income...
Baird Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Baird's policy is to maintain an ending inventory balance equal to 20 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $83,000 Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income...
Most questions answered within 3 hours.
-
In doing an allocation for a basket purchase
Use the individual costs and the total market...
asked 32 seconds from now -
if the magnitude of a velocity vector is 10m/s and it
makes an angle of 45...
asked 46 seconds from now -
Which amino acid has a basic R group?
A) tyrosine
B) Isoleucine
C) Glutamic Acid
D)...
asked 10 minutes ago -
Is there the need for the government to have hackers. Please
share your thoughts.
asked 14 minutes ago -
Explain why you should not lose any LDH activity when you
centrifuge a crude sample at...
asked 22 minutes ago -
An AA battery (object), standing on end, is placed to the left
of a diverging lens...
asked 23 minutes ago -
After you measure the self-inductance of a coil, you unwind it
and then rewind one third...
asked 24 minutes ago -
1. Which of the following best describes a transistor?
A) a small electrical circuit made from...
asked 25 minutes ago -
Use generating function to find the number of distributions of
20 people into four different rooms...
asked 40 minutes ago -
The following data set consists the number of minutes a sample
of 25 people run every...
asked 44 minutes ago -
Suppose vacuum cleaners are part of the market basket used to
compute the CPI. Suppose also...
asked 56 minutes ago -
What intermediate results after the addition of H3O+ to
E-3-methyl-2-pentane?
pentene*
asked 1 hour ago