Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
bernie2981 bernie2981
wrote...
Go to Answer
Posts: 3810
Rep: 26 0
8 years ago
Fosnight Enterprises prepared the following sales budget:

Month   Budgeted Sales
March   $6,000
April   $13,000
May   $12,000
June   $14,000

The expected gross profit rate is 30% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold.

What is the budgeted cost of goods sold for May?
A) $3,600
B) $2,400
C) $4,200
D) $8,400
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 211 times
3 Replies
Replies
Answer verified by a subject expert
nucleinuclei
wrote...
#1
Top Poster
Posts: 2158
Rep: 418 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

bernie2981 Author
wrote...
#2
8 years ago
Wow! Thank you
wrote...
#3
4 years ago
Awesome! Thank you so much!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1356 People Browsing
 131 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 172
  
 543
  
 145
Your Opinion
Which country would you like to visit for its food?
Votes: 204
Previous poll results: Who will win the 2024 president election?