Cost of goods sold, A sales budget has been prepared for

Cost of goods sold

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Reference no: EM13928539

A sales budget has been prepared for April. Management wants the amount of ending inventory each month to be equal to 10% of that month's cost of goods sold. Cost of goods sold for Spril is projected at $60,000. Ending inventory at the end of March is expected to be $12,000. Based on this information, what would be the amount of purchases be for April

a. 62,000

b. 48,000

c. 66,000

d. 54,000

Reference no: EM13928539

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