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What is the desired beginning inventory on June

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Reference no: EM132932252

Question - Seaworthy Company, a merchandising? company, has prepared the following sales budget:

Month Budgeted Sales

March $200,000.00

April 217,000

May 226,000

June 258,000

Cost of goods sold is budgeted at 50% of sales, and the inventory at the end of February was $35,000.00. Desired inventory levels at the end of each month are 30% of the next month's cost of goods sold. What is the desired beginning inventory on June 1?

Reference no: EM132932252

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