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Sander Enterprises prepared the following sales budget:MonthBudgeted SalesMarch$8,000April$13,000May

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Sander Enterprises prepared the following sales budget:MonthBudgeted SalesMarch$8,000April$13,000May

Sander Enterprises prepared the following sales budget:

Month   Budgeted Sales
March   $8,000
April   $13,000
May   $12,000
June   $14,000

The expected gross profit rate is 40% 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 desired ending inventory on May 31?
A) $1,120
B) $1,680
C) $1,440
D) $8,400

Textbook

Managerial Accounting

Edition: 4^th

Author: Braun

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bernie2981 Author

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8 years ago

Answers my question perfectly.

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