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Author Question: Peabody Enterprises prepared the following sales budget:MonthBudgeted ... (Read 71 times)

evelyn o bentley

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Peabody Enterprises prepared the following sales budget:

MonthBudgeted Sales
March$6,000
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 at Peabody Enterprises?
◦ $1,120
◦ $1,440
◦ $8,400
◦ $1,680


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Marked as best answer by evelyn o bentley on Jan 4, 2020

cadimas

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evelyn o bentley

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Reply 2 on: Jan 4, 2020
Wow, this really help


debra928

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Reply 3 on: Yesterday
:D TYSM

 

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