Dakota Layne is opening up "Layne's Women's Fashions" on April 1. ...

[P68T]

Dakota Layne is opening up "Layne's Women's Fashions" on April 1. Dakota's sales forecast for the Spring/Summer of Year 1 is shown in the top row of the table. She is going to purchase her merchandise 2 months in advance and her cost of goods sold is 70% of sales. Assume that Dakota has a starting inventory of $21,700 at the beginning of June. What is Dakota Layne's Ending Inventory Balance in June?

Sales and Purchase Forecast

Layne's Women's Fashion

​	May	June	July	August
Sales Forecast	$12,000	$15,000	$16,000	$18,000
Purchases from Suppliers	​	​	​	​
​	​	​	​	​
Beginning Inventory	​	$21,700	​	​
Plus: Additions	​		​
Less: Cost of Goods Sold	​	​	​
Ending Inventory	​	​	​	​

◦ $19,800
◦ $22,000
◦ $22,400
◦ $23,800
◦ $25,300

[vkodali]

A FREE account is required to view all solutions! Click to Register

Login with Facebook Login with Google Login with Email

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 45% of students answer this correctly

[P68T]

Thanks for the timely response, appreciate it

[isabelt_18]

Wow, this really help