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What is the desired beginning inventory on june

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Reference no: EM132571396

Caplico Company has prepared the following sales budget:

Month                   Budgeted Sales

March                      $400,000

April                          207,000

May                            241,000

June                               248,000

Question 1: Cost of goods sold is budgeted at 40% of sales, and the inventory at the end of February was $34,000. Desired inventory levels at the end of each month are 10% of the next month's cost of goods sold. What is the desired beginning inventory on June 1?

Reference no: EM132571396

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