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The manager of MN Company give you the following data to prepare the required purchases for the coming three months Estimated sales for January $60,000.00 Sales increase by 5% for the coming three months Cost of goods sold (CGS) 60% of sales Beginning inventory $10,000.00 Ending inventory equal to 20% of next month CGS
The manager of MN Company give you the following data to prepare the required purchases for the coming three months Estimated sales for January $60,000.00 Sales increase by 5% for the coming three months Cost of goods sold (CGS) 60% of sales Beginning inventory $10,000.00 Ending inventory equal to 20% of next month CGS
The manager of MN Company give you the following data to prepare the required purchases for the coming three months
The manager of MN Company give you the following data to prepare the required purchases for the coming three months
Estimated sales for January $60,000.00
Estimated sales for January
$60,000.00
Sales increase by 5% for the coming three months
Sales increase by
5%
for the coming three months
Cost of goods sold (CGS) 60% of sales
Cost of goods sold (CGS)
60%
of sales
Beginning inventory $10,000.00
Beginning inventory
$10,000.00
Ending inventory equal to 20% of next month CGS
Ending inventory equal to
20%
of next month CGS
Estimated purchases for February should be between
1. $33,000.00 and $38,000.00 2. $38,000.00 and $40,000.00 3. $40,000.00 and $40,200.00 4. $40,000.00 and $40,200.00
1. $33,000.00 and $38,000.00 2. $38,000.00 and $40,000.00 3. $40,000.00 and $40,200.00 4. $40,000.00 and $40,200.00
1. $33,000.00 and $38,000.00

1.
$33,000.00 and $38,000.00
2. $38,000.00 and $40,000.00

2.
$38,000.00 and $40,000.00
3. $40,000.00 and $40,200.00

3.
$40,000.00 and $40,200.00
4. $40,000.00 and $40,200.00

4.
$40,000.00 and $40,200.00

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