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What is the desired beginning inventory on june

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Reference no: EM131582955

Question - Fosnight Enterprises prepared the following sales budget:

March Budgeted Sales: $6,000

April Budgeted Sales: $13,000

May Budgeted Sales: $12,000

June Budgeted Sales: $14,000

The expected gross profit rate is 30% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold.

What is the desired beginning inventory on June 1?

Reference no: EM131582955

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