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How much inventory in dollars should ABC buy in January

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Reference no: EM133059415

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.

Required - How much inventory in dollars should ABC buy in January?

Reference no: EM133059415

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