White Marsh Company has prepared the following sales budget: Month Budgeted Sale
ID: 2456859 • Letter: W
Question
White Marsh Company has prepared the following sales budget:
Month
Budgeted Sales
March
$200,000
April
180,000
May
220,000
June
260,000
Cost of goods sold is budgeted at 60% of sales and the inventory at the end of February was $36,000. 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?
A) $52,000
B) $26,400
C) $43,200
D) $31,200
Month
Budgeted Sales
March
$200,000
April
180,000
May
220,000
June
260,000
Explanation / Answer
White Marsh Company has prepared the following sales budget: Month Budgeted Sale
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.