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Business, 06.05.2020 02:24 hdhtvthjr

BobCat Inc. is in the process of preparing a purchases budget for the third quarter of 2016. The company expects its cost of goods sold to be the following amount:
COGS
June 20,000
July 23,000
August 28,000
September 38,000
The company would like to have ending inventory each month equal to 20% of the following month's predicted cost of sales.
Required:
1. What would be the total cost of purchases in August 2016?

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Answers: 1

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