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Author Question: Kayla's Toys budgeted sales of $300,000 for the month of November and cost of goods sold equal to ... (Read 49 times)

AEWBW

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Kayla's Toys budgeted sales of $300,000 for the month of November and cost of goods sold equal to 70% of sales. Beginning inventory for November was $50,000 and ending inventory for November is estimated at $55,000. How much are the budgeted purchases for November?
◦ $105,000
◦ $95,000
◦ $215,000
◦ $205,000


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Marked as best answer by AEWBW on Jan 4, 2020

Rilsmarie951

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AEWBW

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Reply 2 on: Jan 4, 2020
YES! Correct, THANKS for helping me on my review


skipfourms123

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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