Solution-How much inventory do need to purchase for november

How much inventory do need to purchase for november

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Reference no: EM132770423

Horizon Audio Systems sells and installs car starter systems. The company's sales budget for the fourth quarter is provided below:

Month: Budgeted Sales:

October $90,000
November $98,000
December $104,000

Problem 1: You can expect the company's cost of goods sold to be 80% of sales. The ending inventory balance each month should be 20% of the next month's cost of goods sold. Based on this information, how much inventory do you need to purchase for November?

Reference no: EM132770423

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How much inventory do need to purchase for november

Reference no: EM132770423

Reference no: EM132770423

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