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Author Question: MedSupplies Company has budgeted purchases of inventory for December of $140,000. Expected beginning ... (Read 39 times)

cherise1989

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MedSupplies Company has budgeted purchases of inventory for December of $140,000.  Expected beginning inventory on December 1 and ending inventory on December 31 are $90,000 and $120,000, respectively. If cost of goods sold averages 80% of sales, what are budgeted sales for December?
◦ $212,500
◦ $437,500
◦ $88,000
◦ $137,500


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Marked as best answer by cherise1989 on Jan 4, 2020

shailee

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cherise1989

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Reply 2 on: Jan 4, 2020
Excellent


Chelseyj.hasty

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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