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Question 1: A company expects to sell 8,500 units for $155 each for a total of $1,317,500 in January 4,000 units for $205 each for a total of $820,000 February. The company expects cost of goods sold to average 70?% of sales? revenue, and the company expects to sell 4,400 units in March for $220 each. The company's target ending inventory is $11,000 plus 50?% of the next? month's cost of goods sold. Prepare the company's inventory, purchases, and cost of goods sold budget for January and February.
Option A. Cost of Goods sold for Jan & Feb
Option B. Plus: Desired ending merchandise inventory for Jan & Feb
Option C. Total merchandise inventory required for Jan & Feb
Option D. Less: Beginning merchandise inventory for Jan & Feb
Option E. Budgeted purchases for Jan & Feb
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