contestada

Company XYZ has a sales budget for next month of $300,000. Cost of goods sold is expected to be 35% of sales. All units are paid for in the month following purchase. The beginning inventory is $5,000 and an ending inventory of $12,000 is desired. Beginning accounts payable is $105,000. The cost of goods sold for next month is ___________.

Respuesta :

Answer:

$105,000

Explanation:

The cost of goods sold requires a straight-forward computation since it is 35% of the budgeted sales amount of $300,000.

Cost of goods sold(budgeted)=$300,000*35%=$105,000.00  

The cost of goods sold for next month is $105,000, which is the same as the beginning accounts payable.

It is so because it is an estimate, not the actual cost of goods sold

ACCESS MORE
ACCESS MORE
ACCESS MORE
ACCESS MORE

Otras preguntas