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How much inventory in dollars should ABC buy in January

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Reference no: EM133056099

Question - ABC Company has budgeted the following sales.

 

January

February

Sales (on Income statement)

$100,000

$200,000

The selling price is $20 per unit and the unit cost is $ 12 per unit In addition to having enough units to meet monthly sales, ABC would like ending inventory to be equal to 10% of the following months sales. Inventory at Dec 31 = $6,000. How much inventory in dollars should ABC buy in January?

Reference no: EM133056099

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