1. What percentage of April\'s inventory purchases remain with the company at th

Question

1. What percentage of April's inventory purchases remain with the company at the end of June? Round your answer to four decimals and input your answer in decimal format

2. What percentage of February's inventory purchases remain with the company at the end of March? Round your answer to four decimals and input your answer in decimal forma

It does not state what inventory valuation, so just the most common one can be used.

balance ENDING INVENTORY BALANCES PURCHASES FEB MAR APR MAY 15 47 31 160 237 200 105 76 Feb Mar 23 19 23 39 May Jne End of Month Inventory 17 28 62 42 NA 62

Explanation / Answer

Part 1)April Inventory purchase remaining at end of June is 0 .so %o f april inventory at end of june= 0%

part 2)Feb inventory purchase remaining at end of march is 15 ,so % of feb inventory at end of march = ending inventory of march out of feb /total purchase of feb

= 15/160

= .09375 or 9.375%

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