Business, 04.10.2019 22:30 neariah24

Need finding desired ending inventory!
fosnight enterprises prepared the following sales budget:

month/budget

march/$8000

april/$13,000

may/$12,000

june/$10,000

the expected gross profit rate is 30% and the inventory at the end of the 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 is the desired ending inventory on may 31?

a. $2100

b. $900

c. $2520

d. $7000

Answers: 1

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Need finding desired ending inventory!
fosnight enterprises prepared the following sales budg...

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